Here is a different opinion Google found. I believe it was written by Bart Bobbit.
Consider what happens when the Lee factory-crimp die is used. Take a bullet that's perfectly round and has a homogenous lead core inside of a uniformly thick jacket. Now take a case whose neck wall thickness varies only .0005". Then take the lee collet type factory-crimp die whose collet jaw dimensions vary a thousandth of an inch. Next, put this `near perfect' bullet in the
case mouth and close the Lee collet around it. The dimensional variables add directly and we have a thousandth of an inch or so difference in radius dimensions from the center of the bullet to the jaws of the Lee collet die and we're applying pressure radially to the bullet. The soft jacket and softer core reduce in diameter; the core stays at its smallest dimension and the jacket springs back a little. We end up with a bullet that's been reduced in diameter at various places around it and those dimensions are not the same; the bullet no longer has its center of mass aligned with its center of form. This adds up to an unbalanced bullet before it's even loaded and fired. Unbalanced bullets don't shoot straight. Competition bullets typically are round to less than .0001-in. and their jacket thickness has the same dimensional tolerance. All that perfection has been squeezed away when a non-perfect collet clamps down on non-uniform case necks. Even the military arsenals quit crimping their match ammo in the 1950s because
accuracy improved about two-fold when the bullets were no longer deformed by crimping. The arsenals also found out that velocity spread was higher as the crimp added another variable; release tension wasn't as uniform as when the bullets were sealed in place with an asphalt sealer.
If folks get better accuracy with Lee's factory-crimp die, that's fine by me. But I also think if they evaluated their reloading tools and the way they're used, improvements in accuracy could be had that would negate the use of the factory-crimp die. Of course Lee wants their products to be considered worthy of purchasing. Whatever marketing scheme they come up with that sells their products will certainly increase their revenues. But knowledgable accuracy buffs wouldn't dream of deforming top-quality bullets
with anything; sledge hammer, hydraulic jack, or Lee's factory-crimp die.