The setting is set via the Adaptec Storage Manger (or via contoller BIOS). There are settings on controller level, and read / write cache is set on virtual disc (array) level. I have no access to my system until tomorrow, but if you right click the controller node and the graphical symbol of the array on the right side, you see the options.
The hint with the performance mode is from the help of Adaptec Storage Manager. On the root level you finf somthing like performance settings, there is a (small) description of this.
There is not a lot I can find about the real background of this function, have a look here:
http://www.adaptec.com/NR/rdonlyres/B4350D45-E31A-429E-8058-3BE8E2F07E86/0/Series5PerformanceWhitepaperv7.pdfThey point out the different behaviour for different file types and usages.
There is also the feature "Dynamic caching algorithm", which seems to be the same, but no further explanation, what it is and how it works.