When I'm editing something in the Android app (Or writing an answer / question), and I tap the "preview" button in the top bar, it sends my markdown to SE servers to be rendered to HTML before showing that to me as the preview.
I think that it should generate the preview locally, on the device, just like on desktop.
This would result in improved performance (no need for a round trip to the server), as well as reduced server load.
There are various Java libraries for processing markdown into HTML, so it should not be too difficult, development-wise.