I'd be very careful about water quenching 4140. It can be done, but it takes a lot of experience as well as luck to avoid cracking it. With a section thickness of 1.5 inches and 50 Lbs in weight, you better hope you have a lot of experience becasue I don't think you'll have very much luck.
Seriously, though, you'll be better off finding an oil quench for these parts. If oil just cannot be used, consider polymer. As a last resort, I think I'd try a high-volume fan blowing on the load (with the parts carefully spaced to maximize cooling) before I used a water bath.
Also, some steel mills like to spheriodize anneal 4140. This can be slow to austenitize, meaning that you might want to use the high-end of the austenitizing range (1600 F) to get consistent results.
rp