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Yes - it can quieten down noisy frames, permanently. If not, frame warranty, because it's not to spec.
Before pulling the trigger on that, check everything else, seatpost, QRs, pedals etc. If you have a cheapy FSA crankset, you'll have cheapy FSA bearings, so invest in a nice set of bearings - the Token Tiramic bearings worked well for me in some hideous cyclocross conditions.
Loctite green (park suggest 609) fixing compound is the last resort.
Howard-
Cheers, got force22 cranks so that's probably not the problem, they need mallet to go in so tolerances there are good, probably the frame-bearing rather than bearing-crankset interface. No frame waaranty due to 2nd hand :S
I do have a feeling the bearings could well be FSA, thanks for the reccomendations, will let you/forum know of results if i fail to get this gxp crankset on auction
noBlakes
oh yeah, i forgot your cannondale guy :) which loctite is best? and does it really work long term? mine's developed a horrible creak going down on the drive side arm.