psoundappan:
Water hardness, per se, has no effect on the rate of heat transfer when the water is used as a coolant. The damned precipitates[/] it causes (and resultant corrosion & scaling) is what renders the application as one with a limited life if the water outlet temperature is allowed to get above approximately 105 - 120 oF. Therefore, this pretty well limits "hard" water as a coolant. The hardness of the water is due to its dissolved solids - and the eventual precipitation of these when the water is heated creates a nullification of the effective cooling surface.
If the coating of your parts and the reduced cooling rate is OK with you, then use hard water to quench. Otherwise, be prepared for downstream consequences.
Art Montemayor
Spring, TX