Quoted:
I just bought a BCM new M4 upper. I have a like new LMT SA BCG that has maybe 300 rd on it. Is there any functional advantage to buy a FA BCG when I have this one? I am thinking no because my Colt has one of those strange looking cutout carriers and runs like a top.
If you're not having any problems with all the different ammo you're using, I would suggest not to change anything.
I'm a very long time AR owner and had used the old first semi auto BCG which was on my first AR Colt SP1 in the '70s, also those Colt (1991 to 2005) half moon shape at the rear of the carrier with the entire bottom rear end had been removed, all of them ran without any problems for me for about 34 years straight.
Except back in 2005 when I bought a new LMT Defender 2000 M4 16" carbine with LMT semi auto carrier and standard carbine weight buffer, when I used Wolff extra power magazine springs on my most used USGI aluminum mags, every once in a while I had failure to load, the bolt won't close all the way, either when firing and sometimes when I release the bolt catch to load the chamber.
I tried the LMT full auto carrier with LMT H heavy buffer and no more FTF.
All my 5 AR have full auto carriers, my noted LMT carbine, USGI M16A2 Colt upper on Colt A2 stock lower, Colt 6721 (2004 model) with midlength system barrel, 6721 (2010 model) HBAR carbine, SP6920 Sporter M4 carbine (2011 model), the newer Colt models after 2005 have full auto carriers from the factory.
If you want to improve on your reliability and not spend much money, you could just get a BCM M16 full auto carrier ($69) and use that with your existing LMT bolt assembly, it's up to you, your call.
http://www.bravocompanyusa.com/BCM-Bolt-Carrier-Auto-M16-p/bcm%20carrier%20with%20gas%20key.htm