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I prefer physical servers, it is immeasurably more convenient than unmanaged hosting like Heroku and Nodejitsu, and much better than virtual machines, which lose performance and latency on the virtualization layer. If you need to achieve really good latency (response or responsiveness), then there is no other solution, but please do not confuse this with performance i.e. rps (request per second) on virtual machines can be raised even cheaper, but the responsiveness of the system on hardware is higher. But it is not always so critical. In addition, I advise you to make a table and calculate the cost of one core or even 1Ghz for all options. Due to the limitations of a node in the memory of a single process, it makes sense to do calculations based on the proportion of 2gb per 1cpu.
Here is what I use:
1. For small projects ($5 a month is very good)https://www.digitalocean.com/
2. For medium-level projects (some people swear at them, but I personally never had problems with them) https://www.hetzner.de/
3. For large projects (there are wonderful 40-core MG-256 servers) www.ovh.ie
I believe that a dedicated server is always better if the hands are from the right place and the right knowledge is available. I did not use nodejitsu, but I suspect that there are certain restrictions in setting up the server for such services. So if you know how to set everything up yourself, go to a dedicated server
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