Probably because VoLTE is the technical way of saying it, the user can not be expected to remember every complicated name for example you have the option to choose 2G, 3G and 4G not GSM, EDGE, UMTS and LTE.
Was mentioned here in the 4.4.0.68 version.
The settings menu is the preferred way to go, if you have the Xperia 10 II you
can look in the VoLTE on the Xperia 10 II - filling in the gaps thread, if you want to enable VoLTE now, this does NOT apply for the 10 III explained here.