jobst brandt who probably knows more than any of us:
Install and properly tighten new cranks on the spindle after greasing the tapered square ends of the spindle. Proper tightness should be achieved with a torque wrench or by a skilled hand.
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However, cranks cannot be split by overtightening them. This can be proven by attemting to do so. An M8x1 bolt is not strong enough to split a major brand crank.
Failure from "over-tightening" is caused by repeated re-tightening of properly installed cranks. In use, an aluminum crank squirms on its taper and, because the retaining bolt prevents it from moving off the taper, it elbows itself away from the bolt and up the taper ever so slightly. The resulting loss of preload, after hard riding, can be detected by how easily the bolt can be turned.
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The claim that a greased spindle will enlarge the bore of a crank and ultimately reduce chainwheel clearance is also specious, because the crank cannot operate in a plastic stress level that would soon split the crank in use.
jobst brandt who probably knows more than any of us:
source
as this did not happen in this case, the cranks must be of poor quality.