All depends upon the level of heat. People heating with a torch may still find this method of heating prone to scorching, regardless of what is on the stock.
Stocks treated with oil prior to heating are also, to my mind, altering the chemical reaction as most linseed oils are acidic in pH and furthermore may or may not possess various other chemicals, including lead. Stocks treated with oil prior to heating tend to darken considerably over time and at a faster rate. This has been my experience anyway.