I run my cheap hosting box with a cleartext boot setup that uses ssh to automatically grab the key for the real root from my home server (or an alternate at my MILs house). Using FreeBSD, but similar concepts.

A previous hoster once gave me someone else's drives without wiping them. I don't want random customers snooping around on my data if a similar mistake happens with my disks.

For home use, I run without disk encryption. If I ever need to do data recovery, it's not going to be possible with encrypted disks and one point of a centralized NAS is to have stable long term storage.