I don't do partials or dentures, but I can at least give you some things to think about when it comes to partials and rest preps. I assume that you're doing a cast partial. Some questions to ask would be how many teeth are there, is it a distal extension, signs of bruxism/attrition, thickness of existing amalgam restoration, and patient expectations.
First, it's commendable that you care about the longevity of your partials. Most students just want credit and don't care about the longevity of their partial and just need signoffs for the requirement. So, lets explore each one:
To address your concern, if the amalam is large enough and was property condensed, then it should be able to withstand the forces placed upon it as a rest. If it's an amalgam with cusp capping, amalgam without supporting enamel, or very thin amalgam, then it's more likely to fail. Bruxism/attrition may exacerbate the longevity of aforementioned amalgam. Distal extension may or may not be a good thing for the amalgam restoration, depending if the axis of rotation is highly dependent on the Hg restoration. If it does, less likely to last, however, if the distal extension puts more pressure on the soft tissue, then it puts less pressure on the rest seat. Both a no-win situation. On a toothborne situation, it's better for ridge/soft tissue, but puts more weight on your restoration. Also, how many teeth are remaining. If it's 2-3 teeth, regardless if it's Hg or not, there might be some problems on long term prognosis. Less teeth, more force applied per tooth. Last, which is the biggest one, is patient expectations. As a dental student, it's hard to set them low, because you're not being measured on patient satisfaction, you're being measured on completion of the procedure. If you set the bar too low, patient may be disillusioned and not come fo required visits. If it's set too high, they might not be happy. In private practice, you set them low.
Now, if it fractures, it doesn't mean the partial goes in the trash. It will probably still be wearable depending on connector type. If you had to patch up the rest site, retrofit with composite is easiest. Retrofit with survey crowns or Hg is going to be more difficult due to the nature of the material.
Hopefully this answers your question and good luck!