Here are things I would think about....
Are you sure you are going to need PID control? Does the oven have an analog input to it of some sort for some sort of modulated control, or is it basically an on/off, i.e if your are under the specified heat level you turn it on, and if you are over you turn it off? You may not need PID. It is kind of hard to say from your description.
I just looked up that controller and it looks like it only comes with 750k memory. Depending on what you are doing that may not be a ton of memory. Are you only using one PID loop, assuming you need PID? What else are you controlling? If it is only PID you may be in great shape. If it is PID and a lot of other things, maybe not as much. Do you have a lot of communication overhead?
PID loops like to be VERY regular. I would advise putting all your PID loops into a periodic task that has the highest priority. That way they happen on schedule. Make sure your loop times and your periodic task time line up. Otherwise strange things will happen.
How fast is your process? If it is fairly slow, then consider making your PID loop update less often. That takes load off the processor, especially if you have a lot of overhead in communications and other things.
There are different flavors of PID control. If I were you I would learn something from control guru. com about how basic PID works if you don't know. Learn about how to tune a loop manually. Make sure you are at steady state in the ambient surroundings before you tune. Ask a lot of questions if you haven't done it much. There are a lot of people around here who know a lot about this stuff. Whatever you do, don't be one of those guys who goes in and thinks the autotuner is all that you need, assuming you use the PIDE vs the PID block. Or if you use outside software like control station, make sure you know enough to make sure it is giving you good results. Garbage in is garbage out. If your process is extremely slow you might be able to use the IMC control, but only if you know what you are doing. Make sure you understand open loop vs closed loop and how to operate the block you are going to use manually for tuning. Read about it and then read it again...and again..lather...rinse...repeat. PID tuning is really an art.
There are a lot of things that could be said, but you just have to start digging in and be more specific. Always ask if you don't know. And if the smart guys on here don't answer..bump until they do. Or if you have tech connect and a contract, use tech support. If you have it, take advantage of Rackwell's GOTC and process controls guys.
That's about all I can advise based on your current question. Good luck with it.