Well first of all you're running a long intense task on a thermally constrained machine. Your MacBook Pro is optimised for portability and battery life, not max performance under load. And apple's obsession with thinness overrules thermal performance for them. Short peaks will be ok but a 45 minute task will thoroughly saturate the cooling system.

Even on servers this can happen. At work we have a 2U sized server with two 250W class GPUs. And I found that by pinning the case fans at 100% I can get 30% more performance out of GPU tasks which translates to several days faster for our usecase. It does mean I can literally hear the fans screaming in the hallway outside the equipment room but ok lol. Who cares. But a laptop just can't compare.

Something with a desktop GPU or even better something with HBM3 would run much better. Local models get slow when you use a ton of context and the memory bandwidth of a MacBook Pro while better than a pc is still not amazing.

And yeah the heaviest tasks are not great on local models. I tend to run the low hanging fruit locally and the stuff where I really need the best in the cloud. I don't agree local models are on par, however I don't think they really need to be for a lot of tasks.

To your point, one can get a great performance boost by propping the laptop onto a roost-like stand in front of a large fan. Nothing like a cooling system actually built for sustained load but still.