How you fire form and whether it is a waste of a good bullet depends on the cartridge you are creating.
1. Back in the day I shot metallic handgun silhouette with a T/C contender in 7mm TCU. In this case the .223 Rem is necked up to 7mm, and the shoulder is blown forward to a sharper angle with a bit less taper overall in the case - which like most improved cartridges creates an excessive head space issue.
For fire forming, I'd seat the bullet out far enough that it would engage the rifling, essentially head spacing the cartridge on the bullet. The resulting loads were quite accurate and very usable.
2. More recently, given the lack of .375 Win brass I fire formed new .30-30 brass to .375 Win dimensions using 8 grains of Unique under a case full of cream of wheat. I add the powder then top it with C of W to the base of the neck, and then hold it in place with a pea sized wad of toilet paper. When fired vertically the cases come out with nice, square case mouths at a cost of about $.06 each.
Bullseye and Red Dot are other powders often used for fire forming with cream of wheat or cornmeal.
You want to be careful with the cream of wheat or corn meal approach when the destination case is still a bottle necked case, as it's an approach better suited to blowing the neck all the way out to a straight case. However, I have encountered people who use 8 grains if Bullseye under 12 grains of cornmeal with a Tp wad to hold it in place. It gets most of the shoulder blown forward - not completely, but enough to get you close enough for the first real .223 AI load.
3. When necking a cartridge down to a smaller neck diameter before fire forming, you can short size it and leave a step in the neck just in front of the shoulder. You'll have to experiment through trial and error with progressively shorter die settings until you get the step just the right distance down the neck, but once there the cartridge will headspace on the step and allow you to fire form using a bullet, with a reasonable expectation of usable accuracy and no concerns about excessive case stretch.
This approach works great when fire forming 7x30 Waters brass from .30-30 brass.
In some cases you can neck the case up slightly, then neck it back down to create the required head spacing step in the shoulder. Annealing the case when you're done should breath the full case life back into it. But I'd also recommend using new brass with this approach.
----
Fortunately with the .223 AI, none of the above is needed as all you are doing i increasing the shoulder angle and blowing some of the taper out. The shoulder isn't being moved forward in the .223 AI so it should still properly headpiece and you can just fire a standard .223 round in the chamber, using the fire forming load for normal shooting purposes.