I work in Creo 2.0. Note that I've configured my system such that sketches start out without any "pre-selected" references.
So when creating the sketch that defines the section in a revolve feature, first thing I do is defines the axis of revolution. I do this by right clicking in the empty graphics area and choosing "Axis of Revolution". After I draw this special axis, then when I sketch my geometry lines that define the section, Creo automatically puts in (weak) diametral dimensions.
If I try to do it backwards and first draw the section and then designate the axis of revolution centerline, I do not get an "automatic" conversion from radial to diametral dimensions.
So to answer your original question, there is no setting that will "convert" radius dimensions to diameter dimensions, but there is a workflow where the diameter dimensions will be automatically created.
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