I don't think tensile properties will be reduced rather possibly might be increased but toughness will be adversely affected by the increased grain size. Since the recommended austenitizing temperature is 1862F, considerably above the equalizing temperature of 850C(1562F), and since temperature has more effect on grain growth than time, it might be that the abnormal grain growth is marginal as affecting properties depending upon application requirements and spec's. However, 7 hrs is a long time so, abnormal in the usual usage of the terminology is probably a correct moniker.
What is the application? Is there impact loading or fatigue loading? What are the required spec's? What is the economic fallout -- one expensive tool, many tools, relatively expendable die?
A simple re-heat treat will not correct the problem. Although air hardening tool steels are not usually normalized, it might be effected in this instance for the purpose of refining the grain size and making it more amenable to re-heat treatment. I am not suggesting this is the answer rather posing the question to those more competent to comment. If there are no formal spec's to be met but instead an inhouse useage with no impact or fatigue loading, could it be used as is?
I was just reading in Third Edition of Tool Steels by Roberts/Hamaker/Johnson (1962) that (H11)type 520 had fatigue values reported to be the highest of any known engineering material. Now we have maraging steels that are at least in this fatigue strength/UTS range or maybe greater.