Is it possible for me to reverse proxy external websites?
Yes but with significant downsides.
Note: when I tried your configuration, I got SSL Proxy requested for [...] but not enabled [Hint: SSLProxyEngine] in the logs so I added SSLProxyEngine on.
Host issue
When you make a HTTP/1.1 request to a server, you automatically add the hostname in the request. When you proxy them, you have two possibilites:
[browser] --(Host: authtest.com)--> [apache proxy] --(Host: authtest.com)--> Google
or
[browser] --(Host: authtest.com)--> [apache proxy] --(Host: google.com)--> Google
The first one is what you get with ProxyPreserveHost On. Google servers won't handle requests for authtest.com, you should remove this line.
Even in the second case, you can have issues. ProxyPassReverse will handle redirects but only for the given domain: I'm in France, google.com redirects me to google.fr (a different domain) and the reverse proxy doesn't rewrite the redirect.
An other issue is the referer: if a service sees requests for images/css/js coming from a different web site it may consider it as bandwidth leeching and block them. Now, you need to rewrite the html of the response too (mod_proxy_html will help but it's not a silver bullet).
Path issue
In your example, you proxy <authtest>/google to <google>/. Like above, you need to rewrite the html: absolute links/resources won't work unless your server adds /google everywhere. Same for relative links/resources (but with more edge cases). If you owned the backend server, you could have checked urls in html/css/js files. Here, if the url is built dynamically in the browser using js you can't do anything.
If you can proxy / to / (or /whatever to /whatever) you will avoid a lot of issues here.