Would depend on the following factors: respiratory rate, perfusion to skin, mental status.
Typically, an amputation with significant bleed would hit the respiratory rate (>=30/min) and perfusion (cap refill >=2 secs) thresholds for 'Red'.
That said, I've been present at a plane crash with four patients where one had a clean amputation that had had a tourniquet applied immediately following the crash. He was speaking clearly, had adequate perfusion, and was breathing appropriately. Technically, this patient could be categorized as a 'Yellow' and was, in this case, considered a lower priority than the head injured patient trapped within the aircraft.