ImageLoader defaults not working in Compose Preview

[CurtJRees]

Describe the bug
It seems that the defaults set on an ImageLoader aren't applied or used when in a Compose Preview
Explicitly setting the defaults on the specific ImageRequest.Builder however, does work as expected

To Reproduce
Not working:

@OptIn(ExperimentalCoilApi::class)
@Preview
@Composable
private fun CoilDefaultsPreviewTest() {
    val context = LocalContext.current
    val drawable = ColorDrawable(android.graphics.Color.CYAN)

    val previewImageLoader = remember {
        ImageLoader.Builder(context)
            .placeholder(drawable)
            .error(drawable)
            .fallback(drawable)
            .build()
    }

    CompositionLocalProvider(LocalImageLoader provides previewImageLoader) {
        Box {
            Image(
                painter = rememberImagePainter(
                    data = "data",
                ),
                contentDescription = null,
                modifier = Modifier.size(200.dp)
            )
        }
    }
}

Working:

@OptIn(ExperimentalCoilApi::class)
@Preview
@Composable
private fun CoilDefaultsPreviewTest() {
    val context = LocalContext.current
    val drawable = ColorDrawable(android.graphics.Color.CYAN)

    val previewImageLoader = remember {
        ImageLoader.Builder(context)
            .placeholder(drawable)
            .error(drawable)
            .fallback(drawable)
            .build()
    }

    CompositionLocalProvider(LocalImageLoader provides previewImageLoader) {
        Box {
            Image(
                painter = rememberImagePainter(
                    data = "data",
                    builder = {
                        defaults(LocalImageLoader.current.defaults)
                    }
                ),
                contentDescription = null,
                modifier = Modifier.size(200.dp)
            )
        }
    }
}

Logs/Screenshots
Not Working Preview:

Working Preview:

Version
Coil 1.4.0