Switch Stack Connections to ESX

We are deploying a new network stack which uses stacked switches at top of rack. According to VMware, stacked switches must use EtherChannel, either static or LACP, and the IP Hash load balance method.

In our case, we are still very much a L2 shop so stacked switches eliminates STP for us which is huge. Just looking for a sanity check that stacked switches and lagg to the hosts using IP hash is a sane choice given the circumstances. LACP is up for debate since we don't have enterprise licensing, although the VDS load balance options would be nice for iSCSI compared to the VSS options.

Thanks.