Elux
Are you sure that you not only changed quiet to debugging systemd.debug_shell earlyprintk but also removed console=tty1 at the end of line?
If I do not remove it, I have the same output on the serial port.
Are you sure it is a boot loop, not a single reboot after resizing of partition?
Just a guess but I think it is booting normally, only there is nothing on your display for some reason. And if you remove console=tty1, you will get more info on serial console. Sorry if I am wrong.
Stable LE12 images (12.0.0 and 12.0.1 for sure) will not boot because there was a bug in u-boot configuration for Orange PI PC at the moment they were released