"However it does not have colorize this option at 4 Preference."
On the left side under Preferences you have checked Run Action, thats why drop down lists are available to you. Drop down lists allows you to choose action set and action to run while batch processing. First drop down list is for action set, second for action. On my screenshot Set 1 is action set, Colorize BW is my naming convention for action and Neural Filters is action step that must be manually recorded.
In short, you must record action step Neural Filters and use it while processing photos.
By the way, do you follow some instructions?
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