Yes, very likely, but then why are you using AWS at all?

I think a lot of people are missing a key part of the wording of my comment, that capitalised for emphasis "IFF" (which means "if and only if").

I am absolutely certain a lot of people would save money using VMs - or at scale bare metal.

IMO a lot of people are using AWS because it is a "safe" choice management buy into that is not expensive in context (its not a big proportion of costs).