I'd be more likely to reverse and say handquilted, or at least machine quilted than the other way around.
Tied quilts are as old as handquilted. And, they are both rightly called quilts.
I do alot of repro fabric (early 1800s - early 1900s) quilts and sometimes the quilt just calls out to be tied. So I do.
I have a postage stamp quilt I made and tied 20+ years ago, frequently washed; the fabric is wearing out; the ties are still fine. I used 2 strand embroidery thread on it.
I'll use perle cotton now. I would not use yarn.