Using the "radius arm" terminology can sometimes be a little limiting. Try to think of it as a link system, with one attachment point per side on the frame and two attachment points per side on the axle. You could accomplish the same thing with four tubes and then people would call the same exact system a 4-link, albeit with the links on each side sharing a common frame-side mount. A wristed radius arm setup would then be analogous to a 3-link, with two tubes on one side and only one on the other. This is a very common setup on rockcrawling buggies, since it fits in tight packages better than a triangulated link system.
IMO, and I don't mean to attack all the excellent performance several have achieved from leaf springs, there's really only one advantage of a leaf spring system over a link system: cost. A properly designed and constructed link system will cost a LOT and will usually only return moderate gains for the investment. The leaf spring systems can be modified to be plenty for the average weekend fourwheeler, which is why you don't see more radius arm (or any link system) conversions. It's just not worth it unless you're intent on getting every last ounce of performance out of your suspension.
And a small side note: the frame-side attachment for radius arms is rarely the limiting factor. The factory post-through-bushing mount style for Ford radius arms looks like it'd bind almost immediately, but is capable of maxing out 14" shocks without breaking a sweat, assuming the arms have been wristed. I've seen a lot of folks switch to heims at the frame end and all it does is increase road vibration. The real key is to eliminate the inherent radius arm bind at the axle end. Stick with rubber bushings at the frame, wrist one radius arm, and start shopping for the longest shocks/limiting straps/brakelines you can find.