I use honey in soap quite often and I've never had any problem. What I and a lot of others here do is reserve a small amount of water from the recipe, warm and dissolve my honey in that and add to my cooled lye solution. Let that cool somewhat again and then you are good to go.
To speed things up, sometime I use 50/50 ice/room temperature water so I don't have to wait as long for it to cool.
Beware when adding the honey, it will heat up again and it will darken to almost black, that's normal.
When adding honey this way it will be able to react with the lye before its added to the soap and make for a much less dramatic reaction when in the soap.
Others have mentioned that when adding honey at trace or to oils the honey have a tendency to sweat out of the soap during cure, this will not happen when honey is added to the lye solution.
I have never done HP with honey but keep an eye on the soap so you can stir it down/ lower the heat if necessary and I think you should be fine.