The FMC (Flexible Moment Connection)/Type 2 connection as put forth by Disque and later carried on by Geschwindner is a simplification of true PR analysis that has its place for simple buildings meeting certain limits (more on that below), but in my view for more complicated structures its use would be as a preliminary design tool and would be followed with a true analysis of the structure taking into account the actual moment rotation curves and loading history of the connections.
Eurocodes actually impose strict limits on the use of the FMC method to low rise simplistic type buildings (regular geometry, 8 floors max, 4 spans max, 16ft floor-floor max, 40ft span max with spans not more than twice or less than half of adjacent spans). Though these limits are not present in U.S. codes (the method is not as widely used in the U.S. anyway), it is my opinion that it would be prudent to use them as a guide.
The FMC method has several shortcomings as one would expect from an approximate method. First of all, connection deformations are ignored for the determination of lateral forces, thus the drift is unknown (you are relying on far reaching "fudge" factors to amplify your drift based on recommendations derived from a small class of 2-d frames). Also, since the force-deformation response characteristics of the connection are ignored, the distribution of forces is only correct if the connection can travel through its actual moment rotation curve in the shake down process without a non-ductile failure such as bolt shear.
White and Goverdhan lay out a method showing how to use the Direct Analysis method with the actual moment rotation curves to perform a true PR design, using the same example problem as Geschwindner and Dique that I would highly recommend reviewing as a more rigorous alternative to the FMC. (you can get this paper in the proceedings for Steel Connections VI conference for free here
Note that the FMC shortcomings are (sort of) recognized in the 14th Ed. steel manual which states on p11-2 that "When used, the analytical model of the PR connection
MUST include the force-deformation characteristics of the specific connection. As an alternative, flexible moment connections (FMC) may be used as a simplified approach to PR moment connection design, particularly for
preliminary design."
I am not against the FMC method, just wanted to make sure everyone who uses it considers its possible shortcomings and considers a true PR analysis if warranted.