Also, long-term maintenance effort and costs would be substantially higher. (Redis persistent-to-disk options, namely AOF and RDB, are notoriously unreliable.) These issues would persist (ha) even with a clustered setup (actually, especially then.)
I'm just checking if there is something I missed.
Maybe, but still very cheap. Unless you are talking about insanely high priced cloud services.
Something like Hetzner would provide you with 128GB of ram for 60 euros / month or 1TB of ram for around 500 euros / month.
The pages are very light and the algorithms seem to be designed to be quite light, too.
Now, I know neither Arc nor the traffic stats, but I would not be surprised if one or two machines were able to serve entire traffic.
(update: I mixed up M5 hosting company with AWS M5 instance types)