Al₈₅Gd₈Ni₅Co₂ metallic glass was subjected to partial devitrification by high-pressure torsion, continuous heat treatment, and isothermal annealing. The fully amorphous alloy exhibits a well-defined transition in its first devitrification product during isothermal heat treatments from τ_m + α-Al phase mixture to primary α-Al by increasing the annealing temperature above 555 K. This thermal sensitivity predestinates the composition to identify the controversial thermal contribution of the plastic deformation in metallic glasses. Thermal stability and structure of the partially devitrified samples were systematically analyzed and compared by calorimetry, x-ray diffraction, and electron microscopy. It seems that the effect of severe deformation cannot be singled out by a simple isothermal heat treatment; i.e., high-pressure torsion acts as a spectrum of heat treatments performed at different annealing temperatures.