Second, important point: yes, you should use Debian because Debian has consistently provided the upgrade-in-place experience that PG has lacked until.... just now, actually.
Third point that you didn't ask about: you should learn a little about PG tuning, because on day 1, the config is tuned appropriately for your Sun Ultra 5 workstation.
https://en.wikipedia.org/wiki/Ultra_5/10
(I am slightly exaggerating, but you should investigate anyway.)