I tried to set up 'Password Protect - Administrator' over the weekend. All appeared to go OK, until it was activated. I had kept copies of the User ID and password so I could copy and paste, but it refused to let me in. In the end I had to delete the .htacces and .htpassword files to restore access.
With no obvious reason for the problem I wonder if there are constraints on the characters that can be used for the password or User ID. I used an apostrophe in the UserID.
I realise I could experiment but wary of locking myself out. I wondered if this might be a known issue and documented.