Believe it or not the ability to do that was one of the features Lee advertised when those dies were introduced. But as everyone has stated that is way too much crimp.
Edit:
It's still mentioned on both sides of the printed instructions even on the newer dies, but is no longer mentioned on the website for the product.
"You can seat your bullets to the best depth - the Lee Factory Crimper forms a cannelure in the bullet as it crimps."
and
"Bullets do not need a crimp groove as the Lee Factory Crimp Die will form one when crimping. However, it requires a harder push on the press lever to form the crimp."
Edit:
It's still mentioned on both sides of the printed instructions even on the newer dies, but is no longer mentioned on the website for the product.
"You can seat your bullets to the best depth - the Lee Factory Crimper forms a cannelure in the bullet as it crimps."
and
"Bullets do not need a crimp groove as the Lee Factory Crimp Die will form one when crimping. However, it requires a harder push on the press lever to form the crimp."