Yes, I bought one for 45 Long Colt. It works as it's supposed to.
The issue is that for some cartridges like the 45 LC, the chambers are rather large WRT the ammunition. With lower pressure cowboy loads this leads to a bit excessive blow by. Not that you'd really notice in a wheel gun, they don't run clean anyways. But in a rifle, the works get gummed up pretty fast. The top ring of the Re4dding die neck sizes the case, a bit longer than is needed to grip the bullet. the rest of the case is sized at or a bit under cartridge max. That means that there is less chamber to seal and the case seems to expand enough to seal the chamber enough to mitigate the gumming up of the works . There is still blowby, but it is lessened considerably.
Another way to accomplish the same is to back out the FL sizer and just neck size the brass. I use a LEE carbide die, and I had to buy a longer decapping pin, (90783 UNIV DECAP PIN/90292), a $3.00 part. I added a LEE Factory Crimp die to the set-up, it sizes the rest of the body when the cartridge gets crimped. This method works as well, with the added advntage that you cintrol the length that the neck gets sized. I loads a fair number of shells each way. the Redding set-up looks neater in the tool head (Dillon 550), other than that both work fine. I also have a 36 special rifle with a big(ish) chamber, I use the backed out die and FCD for that ammo, the rifle runs a bunch cleaner.
Lots of these issues wouldn't be noticed by the average shooter, but we shoot 60 rifle rounds every meet, you'd like a rifle to stay clean for all 60 shots. I don't need to clean after every meet, I go a couple.
I hope that answered your question.
Nitro (AKA Big Boston)