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_...
It has a VM with 32GB RAM and 4x the cores for 1/10th of the price: 25eur/mo. Effectively even lower because it has 20TB of included traffic, and the overage cost for it is ~1/10th of the AWS egress cost.
Or, for 184eur/mo you can get one of their bare metal GPU offerings with 64GB of RAM, a i5-13500 and an RTX4000.