On a small scale I wouldn't worry about lethal smoke when quenching in oil. The odd job done in a well ventilated space won't do any harm unless you have a pre-existing medical condition like Asthma. Fire is a much more likely hazard. Unpleasant fumes and the risk of a flash fire (when hot oil vaporises and then the whole cloud ignites) make it unwise to quench in a confined space. Avoid. The risk rockets with size; a red-hot hammer head is far more dangerous than a tiny clock part.
Not tried it, but blackening with oil requires the metal to be hot enough to carbonise the oil. That's enough to draw the temper, so best not to do it with parts that must be hard.
For the best blackening, dirty old engine oil is often recommended. It's partly disintegrated and already has free carbon in it. Nasty stuff, it's a known carcinogen, so don't spend a lot of time messing with it! Clean oil is less effective for blackening. I don't think Rapeseed Oil is any more or less dangerous than similar weight oils.
Light oils like petrol and paraffin should be avoided because of the fire and explosion hazard. Also specialist oils, most famously old formulation transformer oil. They contain additives that react badly to extreme heat; old transformer oil can generate Dioxins – very toxic.
Gunsmiths use a chemical blue, applied cold. Not as protective as thick heat blue, but considerably better than bare metal, and safe!
Another way it might be done is in a temperature controlled oven or with a torch and steady hand. At about 450° a thin blue oxide layer appears on steel. Difficult to get an even layer – the commercial process sprays steam on steel objects in a carefully controlled oven. Unfortunately the amount of heat needed is likely to reduce hardness.
Dave
Edited By SillyOldDuffer on 09/01/2021 10:57:36