Better Solution
Of course you want to follow your company's Best Practices. But before you publish the sketch axis, you might want to make a couple changes to how your CATPart is organized.
Since this axis line being used to drive several features, it would be a good idea to create it first, and rename it as the "blah blah centerline." You might want to group it into a special Geometric Set containing all the "master geometry." (this way it is easily identifed and not hidden inside of a sketch)
Then you can easily publish it for use in other parts.
The revolved feature can be defined with a sketch where the centerline is projected into the sketch and converted into the sketch axis, similar to what you currently have.
The objective is efficiency by having "master driving geometry" that is linked to many features. Changes made to the master geometry are passed down through the design to all the effected children parts and features.