Greg, you hit the sweet spot in that knife!!!
Nick I think you right and your experiments seem to dovetail nicely with my thoughts on the matter. The triple quench method was developed and tested by Ed Fowler who uses an O/A torch to austenitize his blades prior to quenching, a method that results in even less soak time than using a forge. To my knowledge (Ed Fowler) has always said that this was a method for heat treating 5160 and 52100 only, both steels with a significant amount of chromium content. It's a method, backed by testing, that appears to optimize the performance of these two steels when using a torch or forge for austenitizing and your eye to judge the temperatures.
In my mind it's something akin to edge packing, everyone thinks the edge packing is what is beneficial when what is really happening is the blade is going through several thermal cycles during the edge packing process which is what results in finer grain structure. You can do away with the edge packing and just do the thermal cycling and achieve the same results. Similarly, if you use a heat source that provides a proper soak at austenitizing temperatures then you should be able to do away with the triple quenches, and your experiments seem to support that Nick.
I have made two blades from 5160 and used the trple normalization/triple quench/triple temper on them and they both performed wonderfully. Two blades is hardly a good sampling for anything however. I dont use 5160 much so I havent tried a single quench method using just my forge to austenitize. I can only imagine though that we are talking about though is levels of performance that most users would probably never notice unless you sit down and start slicing away at a massive pile of rope.
All rambling on my part however and probably worth about as much as the space I used to write it!
Oh, and what Nick said, that knife rocks!!!