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TDC1000-TDC7200EVM: TDC1000-TDC7200EVM application

Part Number: TDC1000-TDC7200EVM

We have a meter body with two 4MHz transducers facing each other between 2-5.5 inches.  
We are looking for a replacement ultrasonic chip set.
The question I have is is the TDC1000-TDC7200EVM able to handle two transducers?  
One transducer on one channel is set for send/start and the other transducer is on the other channel for receive/stop.
Then the process is reversed to compare the upstream/downstream rates.
Is this something that can be done with the TDC1000-TDC7200EVM?

Can it be done with the current GUI?  I have no idea how to set up the various parameters, so any assistance will be appreciated. Thus far all my efforts have resulted in ... nothing. 

Wade