I love it. I use it every year for seed starts and for cuttings. For seeds I add a little bit of seaweed meal and bat dookie to supply a bit of food to carry them till I start adding nutes to the water. There is a small amount of vermiculite in the mix.
For cuttings I use
2 parts perlite screened
1 part Jiffy Seed start
0.5 part Espoma vermiculite
This will work on it's own, but last year the 2nd half of my cuttings I decided that the cuttings needed a bit of food so I made a slight change. I mix the above and premoisten it. When I am ready to cup a cutting I fill the cup about 1/4 with my big tree growing medium and then top off with the above, then put another cup on top and shake to mix then use as normal. I nuke my big tree mix before hand as to not introduce anything alive. I don't premix the big tree mix into the cutting mix because even with nuking certain molds etc. will start to do their business after 2-3 weeks. I have not had ANY trouble with Jiffy being a gnat source.