Two studies of the connection found there was no relationship between FC levels and SIBO:
CONCLUSIONS:
FC values are negative in children affected by SIBO, not differing from those obtained in healthy children, suggesting that no subclinical intestinal inflammation involving neutrophils occurs in patients with higher proliferation of bacteria in the small bowel. The presence of high FC levels in children affected by SIBO might not be caused by bacterial overgrowth itself and, in this case, another cause should be investigated.
http://www.ncbi.nlm.nih.gov/pubmed/22195368 (2011)
http://www.ncbi.nlm.nih.gov/pubmed/18431069 (2008)