For tempering, I put as many as I can fit. For hardening, I have put as many as 16 in my 220v oven, but I have better results with smaller batches.
Lets suppose I have 16 knives to harden. Scenario A is - I put them all in at once. The oven takes a long time to heat up. Now I start sequentially quenching - let's say I can quench a knife every 3 minutes. Let's say every 4th knife, I need to leave the oven closed for a few minutes to let the temperature catch up. The last few knives in this batch of 16 will have sat in the oven for quite some time, and the decarb/pitting is substantial.
Scenario B is - I put 8 in, heat, and sequentially quench. Then I put the remaining 8 in and repeat. Because the oven heats faster, I find this to be no slower than scenario A, and the decarb/pitting is less severe.
If you are air quenching and/or using foil then the factors I mention here may not be a problem.