As someone that has a Lyman m-die in 223, I'm not really getting what you're saying, here. The m-die doesn't do the full expansion(technically, neither does the expander ball, but let's ignore that for now). The idea of the m-die is basically just to flare the neck to make bullet seating easier, primarily with bullet feeders(at least that is how mine works, and I doubt they redesigned it in the last couple years). Realistically, I don't see any reason you couldn't just swap out an expander ball with a universal decapping pin(Lee dies would make this very easy), then use the m-die to flare the neck and let the bullet do the rest of the expanding. I wouldn't imagine it would be enough neck tension to crush shoulders or damage the bullet, but I can't say for certain(and don't feel like adjusting all the dies in my press to find out).
Personally, I would just use a normal resizing die like normal, then the m-die. That is how I have been using mine, and haven't had significant enough issues with concentricity to cause any noticeable effect on performance.