Looks like I answered my own question. Turned off my lights and only left a fairly far off wall with ambient on, and the light meter still shows almost all red. Meaning it's not really adjusting as I would expect in raytrace preview.

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Hardware: AMD Ryzen 9 3900X/MSI MAG570 Tomahawk X570/Zotac Geforce GTX 1650 Super 4GB/32GB OLOy RAM

Software: Windows 10 Professional/Poser Pro 11/Photoshop/Postworkshop 3