I use PDFCreator extensively ... nearly split between password protected and unprotected. For me at least, the extra steps needed are annoying to send an alternatively protected or unprotected PDF.
So ... what I'm asking has anyone installed two PDFCreator printer selections .... PDFCreatorU (unprotected generation) and PDFCreatorP (password protected generation)
in the options, you can create a second profile which has encryption enabled. Then you can add a second printer which uses this profile.
To add a printer, start PDFCreator (on Windows Vista / 7 you will have to run PDFCreator with Administrator Privileges) and Select the Menu Printer -> Printer
There you can create printers and assign profiles. Thus, you will not have to change the settings all the time.