Pulled this off another forum....can explain it better than me....
You have more control over the seating and crimping if you perform each in separate steps.
With the bullet seating die, there is a built in crimper. When you seat and crimp with this die, you do it all at once. You adjust the die to seat to the depth and turn the die in a half turn to set the crimp, then adjust from there for the amount of crimp. When you do this, the crimp is applied at the very end of the press cycle. If the bullet isn't seated to depth before the crimp hits the case, you will have a crushed case.
With a separate crimp die, you simple adjust your bullet seating die to seat the bullet to depth, then the crimp die is adjusted to apply the crimp. Each station does its own operation. With a crimp die, you can also elimiate variables while problem solving, as it is apparent whether the problem exists in the seating stage or the crimping stage. It either happens while seating or crimping. It reduces frustration.
Specifically, the Lee Factory Crimp Die (FCD) post sizes the round on the way out of the die. This is to insure it will fit and feed well. Many feeding and chambering problems have been solved with the application of this die. The FCD is not recommended in some calibers with lead bullets, as the opening of the die where the post sizing takes place will actually swage (squeeze) down the bullet to a smaller diameter, thus inducing leading into the gun.