Yes, I have acutally tested it with both large and small springs. Before this, I have never been able to successfully temper thin springs without breaking at least one, but this solved the problem.
Although I have not used a lead bath, if I were to do so, I would overheat at least 5# of lead, unplug the pot and add the spring when the thermometer showed the temperature has dropped to the right point. The large mass of the lead will keep the temperature from dropping much unless you are tempering a large part.