Project creation would stop at 45% and crash the editor.
For me, it seems the cause was that I had set a non-OS, internal hard drive, for the project creation location. In my case, the E-drive.
Instead, if I resort to the default project location, Documents > Unreal Projects, I’m able to fully create the VR project.
I moved my project to my preferred, custom, location by closing the editor and launcher, moving my project folder out of the Documents location and placing it in my custom location (E-drive).
This seems to be a workaround to the custom location problem I was having.
John