The Lee .50 Beowulf 4-die set includes a FL sizer, case neck flare/powder through die, bullet seater, and taper crimp die. The bullet seater die can also apply a crimp with the proper adjustment in every set of dies I've heard of.
I really don't see a need for the 4-die set (as in the 4th die isn't mandatory). I have a Lee 4-die set for 44 mag and the 4th die is just a factory crimp die. I can crimp with the bullet seating die so it doesn't serve much purpose. I do use factory crimp dies with some rifle cartridges on occasion when I'm doing a very small batch and don't feel like adjusting the seating die to also crimp. It's a lot easier to adjust a factory crimp die but it's another step you have to perform to each cartridge that can be skipped if you adjust the seating die properly. If doing more than a tiny batch (sometimes I only load 10-20 rounds for testing) it's worth the extra effort to skip the factory crimp die/taper crimp die and just adjust your seating die to apply the crimp. All the instructions are on the pamphlet that comes with the die set.