SAP PM - Issuing Plant Spares through MIGO or Maintenance Order

Hi

What will be the difference between two under mentioned scenarios :

Scenario 1 - Issuing/Consume Plant Spares by creating PM Order through below process by T-Codes -

Create PM Order - IW21 -> Release PM Order - IW32 -> Confirm PM Order - IW41 -> Settlement - KO88

Scenario 2 - Issuing/Consume Plant Spares by MIGO by providing Equipment ID / Movement Type / Cost Center

Requesting views from FICO & PM Consultants

Thanks