Dave, it doesn't matter what the diameter of the dial is, except to make it large enough to easily read your graduations. You can put the same amount of graduations on a dial that is one inch diameter or 10 inches diameter. 360 degrees is 360 degrees.
What actually makes the graduations meaningful is the pitch on the lead screw, and it will dictate how many grads to use for even spacing. If you want to go metric, you need a metric lead screw to do it right. For instance, a screw with a 1mm pitch will let you have a dial with 100 grads, giving .01mm per grad.
If you use a lead screw of .5mm pitch, you can use the stock Taig dial, and it will read in 50 grads of .01mm instead of 50 grads of .001 inch.
Using the stock dial and changing the screw would only involve making a new lead screw nut, and buying a metric lead screw to match. Remember, they are LEFT hand thread!
Trying to make a hand wheel that reads metric while your lead screw is imperial is a messy business. The stock Taig cross slide lead screw is 20 tpi, or in other words, a pitch of 1.27mm. Try to divide that evenly by any number of dial graduations you care to, and you will see the problem of mixing the two systems for this project. You are always going to have a partial increment left over for any usable graduation you choose for your hand wheel.
See if you can find a 6mm x .5 pitch left hand thread rod, and make up a new cross slide nut for it. Turn the end of the threaded rod down to match the stock Taig lead screw, cut it to length, and you will be set to use the standard Taig dial.
Dean