I use 440C exclusively for my stainless knives, and heat treat it all myself.
Basic set up rihgt now is a pile of firebricks and a bernz o matic heat shrink head set up to make a vertical forge burning propane.
Heat the blades in there tip down with the spine towards the burner (it points horizontally into the vertically opening)
Takes about 45 seconds to get about a 4 inch blade up to color (I go for a medium orange)
Lift it out and drop it vertically directly into a large can of hydraulic fluid. Leave it sit until the blade is cool enough to touch with bare hands. Wipe it down and repeat the process 2 more times.
Then it goes into the oven at 385 degrees for 2 hours, then into the freezer for 12 hours, then 2 more 2 hour cycles at 385 degrees.
Judging by the way my sharpening stones will cut it, I'm guess I'm about RC 58-59. Gives pretty good grain structure, I can get a very fine/smooth edge, almost as good as O1. Very tough too. Tested a 3" folder blade, hammering it through 1/4" X3/8" hard maple several times with a block of wood, flexing to about 15-20 degrees in both directions (springs back). Stabbing into wood and prying out didn't do much to the tip, dropping on concrete did break about 1/16" inch off the point though.
I'm carrying one as my EDC now to learn more. It doesn't hold a shaving edge as long as ATS34, or O1 (these blade are more like RC60-62 though), but its holds a useable edge very well that can be brought back to shaving with a little work on the strop or a half dozen passes on a ceramic stone.
I haven't had any significant problems with warping. Everything has come out useable. I haven't had any problems with grain growth either, like you can easily get with O1 from uneven heating.
Definitely do NOT try a water quench. I did a backspacer for a folder and wanted it hardened. Gave it a quick dunk in the oil and it was still smoking when I pulled it out. Absent mindedly dipped it in the water bucket instead of the oil and heard a nice sizzle ping ping ping .....spyderwebbed with cracks.
I'm really happy with how things are going with it right now, still have more to learn but it defintely makes for a nice blade.