100% this, i've been finding metal is getting very compelling against aws. For example latitude has 4 real cores and 32 GB of ram for $92/month.
https://www.latitude.sh/pricing/c2-small-x86?gen=gen-2
hetzner doesn't even have specs this low from what i can tell!
https://www.hetzner.com/dedicated-rootserver/#cores_threads_...