Don,
This is a good question and should evoke some interesting conversation. Here is my 2 cents worth.The answer depends on the intended usage:
1. As a secondary datum, a TOP dia callout is acceptable as long as it is fitting into a diameteral hole. Clocking in this case is not important as it will still orient itself as required for location.
2. As a tertiary datum (pin into a slot) clocking becomes important as it will cause unexcepted shifts in location if not correctly presented to the slot. I would recommend a TOP applied as 2 // planes in the critical direction.
NOTE: The above 2 scenario's are just examples of possible datum applications and are not meant to represent the only possible cases.
3. For applications where, say a square pin is fitting into a square hole, clocking of the two features becomes critical and Dave's suggestion of using the boundary function is excellent.
What I am suggesting here is to completely analyze and understand the proposed application and then apply the appropriate geometric control that will provide the desired results.
Larry