It was absolutely wrong for your daughter to blow up like she did. She should be punished and her apology is definitely the right move on the road to making up for her behavior. Your husband was wrong to make the decision to cancel her quince in the heat of the moment like that as well. If he really thinks that's an appropriate punishment, he needs to revisit it with your daughter in a rational way after all the dust settles and everyone is calm.
My husband is a big "kidder" and it's extremely frustrating for the kids when he just will not stop. I try and try to make him see how upsetting it is, but he thinks it's so funny. It must be a "guy" thing or something. Believe me, when I give him a taste of his own medicine and kid him incessantly about something, he definitely doesn't like it, but he doesn't think it's the same as what he's doing to our kids. The good thing about my husband is when something like this happens at our house where the kids have just had enough and do or say something they regret, and my husband follows by punishing them harshly in the heat of the moment, he will usually go back and apologize and modify whatever punishment he gave them for their actions to something more appropriate. By doing that, I think he's teaching them humility.
I've yet to be able to get him to stop teasing, but I think he's started to lighten up a little bit now that our oldest has left and our 8 year old is ultrasensitive. She cries at the drop of the hat so he can't be as incessant with her as he was with our older son. :-)
We all make mistakes and say or do things we don't mean when we're mad. We have to be strong enough to swallow our pride and make up for those mistakes. Your husband would be a much better father if he would see this as an opportunity to teach his kids that when you make a mistake, like losing your temper and saying something you shouldn't, it's very important to apologize and make it right, no matter how humbling it may be.
If he still thinks the appropriate punishment for her actions is no quince, then he should stick with that, but if he just did that to hurt her and it really doesn't fit the "crime", you both need to figure out what would be more appropriate and make sure your kids realize this is what happens when you lose your temper and say things you shouldn't when you're out of control.
Good luck!