Actually.. I'm having second thoughts about this :) It's been a while since I last configured it. I'd recommend testing it to be sure, Microsoft's documentation does state the precedence, they however don't unambiguously state if this only applies on top level policies or goes down to the setting level.

If all else fails, you can of course decide to mimic most of the settings in the preset policies based on the info available at https://docs.microsoft.com/en-us/microsoft-365/security/office-365-security/recommended-settings-for....
www.000webhost.com