... Someone needs to tell Kevin that is NOT a good or economical routine...

Boy this place just gets warmer and fuzzier all the time

. O.K. you have my attention, please fulfill your need.
But of greater need is setting the folks straight at ASM that publish the Heat Treaters Guide and countless other resources on these steels, and lets not forget any of the spec sheets from the manufacturers and suppliers of O-1. I think those folks really need to know why what they have developed as an optimum anneal is NOT a good routine when compared to your alternative. Which brings me to a rather vital point- what exactly is your alternative?
Of course one could heat it up to nonmagnetic and stuff it into wood ash, vermiculite, a cooling forge, etc
and deal with the segregation, proeutectoid carbide, and just buy lots of cheap tooling. Delbert is spot on here, if one cant handle the more involved heat treatments of a more alloyed steel then save the money and stress and stick with 1084. But if my method (which it is not, as I am just the messenger of information you may not like) is not good or economical, then your method is
?
There are two ways to achieve a spheroidal structure, you can go slightly above Ac1 and utilize the divorced eutectoid reaction, or stay below Ac1 and take your tempering carbides into larger spheroids. For the first you actually only need to cool to below 1000F at a rate of 40F/hour, but the easiest thing for me to do is to soak the steel, then press the button to start my ramp function program, which shoots for 850F, and go in the house for the evening. The next morning I begin work on dead soft steel that never squeaks my drills, breaks my mills or tears the teeth off my saws, which is infinitely more economical than skimping on the bit of electricity used to insure this. I have received much feedback about how my damascus is easier to cut than others by those who bought bar stock for machining. Now if heavy machining outside of the grinder will not be needed, then a quench and some cycles to 1275F 1300F should get you some fine spheroidal structures as well, but it will still be a crap shoot for your mills and drills. I have cited industrial references here, however this method has also been completely confirmed by my decades of working with O1. But hey I am open to suggestions, so I am all ears as to any better methods you have developed, the magnet is an interestingly different approach, what should this do?