Thermal cycles alone will not address the issue that Aldo's 52100 had (still has?). It needed (still needs?) a good normalizing heat, because it was so heavily spheroidized from the mill. The normalizing helps to break up the spheroidial carbides that had such a high bond with their carbon. 1650F-1700F. Then the subsequent thermal cycles (around critical ~1475f) help to "shrink" the aus grain that may have been enlarged by the normalizing heat. Then on to hardening/quench/temper.
I have no idea if Aldo's current 52100 is still heavily spheroidized like it was. Because of that issue, I normalize and cycle his 1084, 80CrV2, 1095, W2, and 52100, for piece of mind. Chuck at Alpha Knife has 52100 that is ready to harden as received.
I also would like to know if the coarse spheroidizing is still going on. It's nice to have the steel ready to harden when you receive it, and not have normalizing/cycle the stuff.