Exactly.
A typical bearing alloy is AISI 52100. Reference this chart:
http://www.crucibleservice.com/eselector/prodbyapp/carbon/52100.html
Notice the annealing temperature is 1100-1300 F. You're not going to get that in your toaster oven.
The point about degrading the lubricant and seal materials is valid. So it really depends on the construction of the bearing. If it's your typical all steel tapered roller bearing have at it with the home oven and have no worry. Also the larger the bearing the more it grows with temperature. Then again a small bearing will have a small press.
For the home installations, Elroy has found that cooling the parts is typically much easier than heating the parts and just as effective. Especially when you combine both techniques as you're after "delta T"
The statement about annealing the bearing with a toaster oven is bull. Hell you would be lucky to even temper it as that would take hours to accomplish. For a bearing assembly using heat, have no fear using a home oven as they are not going to get hot enough.
Look at the wire trays. They last fine and are not near as alloyed as a bearing material.
Kel, What are trying do ??