Interesting post in OnePlus Community:
https://community.oneplus.com/wap/thread/1274315994487586816
I had the boot loop issue when I rebooted from the Magisk reboot screen. I got the phone into bootloader, switched slots, rebooted, and it came up on F.15. I went to the Updater screen and it showed me that it was ready to install. I tapped on the Install button and it rebooted and came up on F.62.
On my other 8T, I rebooted from the Updater screen (NOT the Magisk screen) after installing Magisk to the inactive slot and that worked perfectly.
I have no idea what holding down the Vol Up key does to make a difference to the boot looping.