Moment distribution analysis, in reality, IS a stiffness method. It is just a different way to solve the equations simulaneously. There is nothing wrong with using MDM for your analysis. The formal stiffness method is just easier for programming and that is why it is used so often in software products.
MDM, though, is a bit more cumbersome to use and program but if you already have a spreadsheet that performs well, and you can cross check it with another software product, go ahead and use it.