For me, yes, but it usually took 4-5 reboots to act normally. For the first couple of reboots, the screen would immediately lock up. Got so annoying I removed SH in December. I have not tried it on the Jan or Feb updates.
Been battling the same issue on my 3XL since mid January, when I finally took the Android 11 update. Having systemless hosts or the Universal Safetynet Fix enabled in Magisk would cause lockup and require hard reboot (holding power button for 10+ seconds to force reboot). Today, I've finally solved it.
My steps:
Install February update (keeping data, never wiped coming from Android 10)
Patch boot.image using magisk manager and install patched img (turned off SH and USF modules to avoid lockup)
Install ElementalX (EX) Kernel Manager from play store ($4.99)
Use EX Kernel Manager to install the ElementalX kernel (reboot)
Turn on the SH and USF modules in Magisk (reboot)
Check safetynet (Passed) and wait for lockup... didn't occur
Enable Adaway
Delete data in Google Play services, Google Pay, and Google Play apps (reboot)
Play store Play Protect Certification for "Device is certified" (it was/is)
Add card to google pay
Check google pay functionality (it works!!)