No there's no need for a special wheel.
The need arises from the fact that a whole new generation of shooters is coming through school without any concept of what a yard is. They are taught in metres and they think in metres. That means they will find range estimation - which is probably more important to get right by estimation in HFT than in FT - much easier to grasp if they are using metres. I think in yards because I'm of that era.
I don't think in cubits and it would add a further unnecessary complication if I had to.
I say it's more important in HFT because you're not allowed to rangefind with a scope, you have to rely on a mark 1 eyeball and maybe some bracketing.