From what I've read, heat treating HSS is considerably more elaborate than ordinary carbon tool steel. With the latter, there's a fair amount of leeway with time and temperature, HSS has to be done right.
HSS is specially formulated for hardness, toughness and heat resistance. Getting the best out of HSS involves more effort and careful control of time and temperature during both heating and cooling. Rather than blasting it with a torch and quenching, HSS might be held within a few degrees of a specified temperature in an oven for about an hour, and then held at a different temperature for half an hour before being cooled slowly.
As Vic says it's tough stuff. Despite that I've managed to ruin small bits by overheating due to clumsy grinding! Since that mistake I dunk regularly in cold water. It only takes a little longer. If the worst happened it might be possible to restore some hardness with a torch, but I doubt the HSS would be back in factory condition.
Dave