Lee's FCD (Factory Crimp Die)
Note that there are two FCD designs. The design for bottlenecked (usually rifle) cases is completely different from the design for straight-walled (usually handgun) cases.
You can use a regular combination seat-crimp die to perform seating and crimping in two separate operations.
To seat only: Back the die body out of the press until no crimp is applied. Adjust the seating stem accordingly. Use the die adjusted this way to seat the bullet. Friction will hold it in place.
To crimp only: Back the seating stem out of the die (even remove completely if you want) so it will not be able to contact the nose of the bullet. Adjust the die body to provide the desired crimp.
The advantage of this way of seating and crimping separately is that the crimp is applied on a stationary bullet, preventing the case mouth from gouging into the sides of the bullet. This is not usually a problem with taper-crimped cartridges, but some people see value in it (including me).
The Lee FCD (unlike the other crimp-only dies from other makers) does one other thing that is the source of most of the problems and objections. It sizes the finished round (I call it "post-sizing").
The purpose of the post sizing is to ensure that any bulge introduced by the bullet squeezing into the case will be "ironed out". This ensures reliable feeding of the finished rounds. The problem is, though, that the brass is more elastic than lead and the case mouth springs back after the post-sizing and the bullet does not spring back as much (especially cast lead bullets - jacketed bullets are less affected than cast lead). The difference n the amount of springback loosens the grip of the case mouth on the bullet.
Go to Lee's web site's FAQ section for their explanation.
Go to these threads for more discussion
One thread contains a lively discussion of the FCD and the function of the post-sizing carbide ring in the FCD. The phrase "9mm" is in the thread title, but don't let that dissuade you. It contains responses direct from Lee Precision, too. Read the whole thing. It is worth it.
http://thefiringline.com/forums/showthread.php?t=465091
this thread contains a poll
http://thefiringline.com/forums/showthread.php?t=465603
I started these four threads (on my four favorite sites) with the same title because the subject seemed to beg a thorough and cool-headed discussion.
The Virtue and the Vice
http://thefiringline.com/forums/showthread.php?t=509934
http://www.thehighroad.org/showthread.php?t=691050
http://www.rugerforum.com/phpBB3/viewtopic.php?f=11&t=168362
http://rugerforum.net/reloading/65863-lee-fcd-pistol-not-rifle-virtue-vice.html#post814465