I know this sounds somewhat elitist, but I feel a minimum size quench tank should hold 5 gallons of oil and have at least 4" clearance all around the blade.
Of course, smaller tanks will work, but for absolute consistent quenches of blades, this is the gold standard.
I use my parks at whatever the temperature it is outside. Normally, that is between 50 and 90. If it is winter and 35°F outside, then I warm it with a large block of steel welded on the end of a 48" length of 1/2" rod. It was Bill Moran's quench warmer. I stick it in the forge and get it red, then quench and stir. One or two quenches gets the oil above 50°F.
A 24X8" round tank woks perfect for most of us.
In a modern production knife shop, 10 to 30 gallons is used in large vats that look like large fry vats from a fast-food place. Many pros use a surplus fry vat.
Quench tanks can be easy to find/make.
I don't use it often but have a 1/4" thick aluminum 30-gallon pot with lid, left over from my cooking days. I put it on a turkey fryer base and fill it with quench oil. Easy warm up if needed, plenty of volume and thermal mass. for everything but a sword.
For swords, I cut the top off an old size 50 oxygen tank to make an 8" wide tank that is 48" tall. I welded it to a 24" metal plate for stability. It holds 10 gallons.
Cut off gas cylinders are cheap or free and make perfect quench tanks.