Good question.
To know the exact answer, I would ask the shop to take a sample plate material (read left over pieces) and have a lab do a simulated PWHT at total simulated time to find out EXACTLY what the mechanical properties will be.
I learned long ago, not from a paper but from in-house experten and from the fabricators, that the mechanical properties can not be guarantee for more than 3 PWHT cycles. In the past, we had asked in our spec to ensure the vessel mat properties can be assured for 4 PWHT cycles and the fabricators come back saying the mill cannot guarantee that, and they took exception to the specification. More recently, equipment that were bought from Italy were able to guarantee 4 PWHT cycles. However, I did not look more into detail if they were just blowing wind.
I now do recall seeing a paper long ago that showed tensile strength drop considerably with prolonged heating time below transitional temp; I have to remember to go find it tonight.
blynn,
If your vessel is going through its 3rd shop PWHT, then it probably won't have much time left for the Owner have the requsite ONE future field repair. I suggest you hire a metallurgist to review the case and formally advise your project. Also, fire your crappy shop inspector who been sleeping on the job to let the fabricator get all this shoddy work pass by.