I am aware holding power button for over 30 seconds will do a hard reboot, bypassing the OS. Maybe you have found a way to do a hard power off bypassing the OS too.
patienttruth99 Are there any issues, and is this reliable?
One thing to keep in mind is that you would be bypassing the zero-on-free security feature that is supposed to clear most RAM memory during shutdown. Theoretically this might leave your phone RAM memory module susceptible to data extraction for up to a minute or something like that, if someone managed to disassemble your phone and connect wires to the RAM memory module fast enough. The RAM memory module should lose its content eventually though, if left powered off.
Of course, it is still better than leaving the phone on completely, if swiping down to the power menu and selecting power off or reboot isn't practical to do. But hard power off and hard reboot are not designed to be security features, and is hard to do quick and bypasses some security features that would be done during a regular shutdown.
If we want a way to quickly shut down the phone with zero-on-free activated, using only one hand and without having to see the screen, it would be better if GrapheneOS adds this as a feature, for example, quick double click on power button causes a regular power off to happen.