This is the temperature at which all of the steel becomes austenite. It doesn't apply to austenitic stainless steels because they do not transform. For Carbon and low alloy steel, it is often referred to as annealing, Normalizing, or (austenitizing) Quench and tempering. If you apply one of these PWHTs, you would be qualified down to 3/16" with a 3/4" thick weld test coupon with CVN requirements. However, if you haven't done it a lot, there are several pitfalls. For starters, it is expensive, and if you have to temper afterwards, you have to do 2 cycles instead of one. Also, most filler metals are not designed to be heat treated above the upper transformation temperature, and they can loose a lot of strength. Also, your parts can distrort and you can get of scaling. Sometimes the heat treatment itself can open up defects on the part which then have to be repaired and re-heat treated. It's not always the best way to go if you can avoid it, but it does have some advantages too. (less residual stress, usually better CVN properties, more corrosion resistance for stainless steel) If you are going to be doing this a lot, I would reccomend qualifying a procedure without a PWHT above the upper transformation temperature for your thicknesses, but if it is a one time thing and your procedure is already qualified, it may be worth it.