[{HVY-E}Jinxx]

No, but you can make the game use multiple conf.ini files by making the conf.ini you want and then copying it to the appropriate directory.

ie. make a conf.ini for 4.08 and then copy it to the 4.08 switch directory. Do the same for all other versions as well. Then when you switch, that file will be copied along with the IL2FB.EXE, sfs files etc.