Few of the popular non-stainless knife steels have a slow quench speed requirement. Most of them need a fast quenchant.
In a large shop it is best to have a tank of Parks #50 and a tank of AAA, but a smaller shop is going to get the best bang for the buck from one tank of #50.
I have found Parks #50 (or the equivalents like Houton K) fast oil is the best choice. It will harden hypoeutectoid steels like Hitachi white and blue paper, W2, 52100, and 1095.
I have not had an issue using it for O-1 and 5160, which do not need a fast quenchant. I pull the blade a bit sooner out of the oil with these steels. Sport of IN - 2-3, OUT 2-3-4-5, Back IN for another 15 seconds.
A big plus is it works at room temperature. Anywhere in the 60-90°F/15-30°C range is fine.
Lastly, it is very stable and lasts for years and years under most smith's number of quenches. It is designed to do thousands of quenches with no loss of ability or going bad.
Ways to make it last a LONG time:
Keep it clean by straining every now and then (yearly in my case)
Keep it tightly covered to keep critters and water out.
Use a large enough volume. A 5-gallon pail will last any normal size shop pretty much forever. Five gallons fills a 16"X5"ID quench tank. For big knife and sword folks get 10 gallons.
Note - I have Parks #50 that belonged to Bill Moran and it still works just fine.