No, because Protestantism is one of the few Christian denominations that place the Bible as authoraritive instead of the Church. We can make our interpretation of it, we do not have to go by the thoughts of a pensioner in a golden church in Rome. Therefore, if we do distort it, we are only distorting it ourself.Have you ever considered the possibility that Protestants are just guilty of distorting the Bible to fit their own desires? I mean, it's not like anyone has the original copy to hand to check (the Dead Sea scrolls are about as close as we're likely to get).
The Dead Sea Scrolls are a particular fascination of mine, especially the Apocryphal Gospels that tell a completely different version of events to the canonical ones.