I don't have the S model but the platform is the same especially the audio, my son's Bud Pro works perfectly with normal volume on my rog 5.
No one seems to be complaining about such low BT audio volume with this device, your problem seems to be unique.
It can actually be interesting to do a factory reset, it will be faster than cleaning all the audio caches, bt and the like.
You can also try the sound in safe mode before you factory reset it,
https://www.asus.com/fr/support/FAQ/1005163/If it still does not work, your Rog 5s is certainly the cause although only a volume problem makes me doubt that a hardware problem is the cause.