The difference is overall performance!
Considering you pay at least $65 for EC2 Small Instance.
EC2 Micro benchmarked at 57 vs VPS benchmark 421
BYTE UNIX Benchmarks (Version 5.1.3)
System: ip-10-170-89-193: GNU/Linux
OS: GNU/Linux — 2.6.32-220.el6.x86_64 — #1 SMP Wed Nov 9 08:03:13 EST 2011
Machine: x86_64 (x86_64)
Language: en_US.utf8 (charmap=”UTF-8″, collate=”UTF-8″)
CPU 0: Intel(R) Xeon(R) CPU E5430 @ 2.66GHz (5320.0 bogomips)
Hyper-Threading, x86-64, MMX, Physical Address Ext, SYSCALL/SYSRET, Intel virtualization
10:47:32 up 36 min, 1 user, load average: 0.76, 0.60, 0.53; runlevel 3
————————————————————————
Benchmark Run: Wed Apr 11 2012 10:47:33 – 11:29:50
1 CPU in system; running 1 parallel copy of tests
Dhrystone 2 using register variables 2864324.7 lps (10.4 s, 7 samples)
Double-Precision Whetstone 3078.5 MWIPS (9.9 s, 7 samples)
Execl Throughput 481.1 lps (30.1 s, 2 samples)
File Copy 1024 bufsize 2000 maxblocks 62761.1 KBps (30.4 s, 2 samples)
File Copy 256 bufsize 500 maxblocks 9772.4 KBps (30.1 s, 2 samples)
File Copy 4096 bufsize 8000 maxblocks 89328.9 KBps (30.1 s, 2 samples)
Pipe Throughput 30990.2 lps (10.6 s, 7 samples)
Pipe-based Context Switching 3821.2 lps (10.6 s, 7 samples)
Process Creation 67.1 lps (30.7 s, 2 samples)
Shell Scripts (1 concurrent) 494.8 lpm (60.7 s, 2 samples)
Shell Scripts (8 concurrent) 17.1 lpm (69.4 s, 2 samples)
System Call Overhead 19338.4 lps (10.5 s, 7 samples)
System Benchmarks Index Values BASELINE RESULT INDEX
Dhrystone 2 using register variables 116700.0 2864324.7 245.4
Double-Precision Whetstone 55.0 3078.5 559.7
Execl Throughput 43.0 481.1 111.9
File Copy 1024 bufsize 2000 maxblocks 3960.0 62761.1 158.5
File Copy 256 bufsize 500 maxblocks 1655.0 9772.4 59.0
File Copy 4096 bufsize 8000 maxblocks 5800.0 89328.9 154.0
Pipe Throughput 12440.0 30990.2 24.9
Pipe-based Context Switching 4000.0 3821.2 9.6
Process Creation 126.0 67.1 5.3
Shell Scripts (1 concurrent) 42.4 494.8 116.7
Shell Scripts (8 concurrent) 6.0 17.1 28.4
System Call Overhead 15000.0 19338.4 12.9
========
System Benchmarks Index Score 57.1
EC2 small benchmarked at 203 vs VPS benchmark 421
BYTE UNIX Benchmarks (Version 5.1.3)
System: ip-10-170-179-60: GNU/Linux
OS: GNU/Linux — 2.6.32-5-xen-amd64 — #1 SMP Tue Mar 8 00:01:30 UTC 2011
Machine: x86_64 (unknown)
Language: en_US.utf8 (charmap=”UTF-8″, collate=”UTF-8″)
CPU 0: Intel(R) Xeon(R) CPU E5507 @ 2.27GHz (4533.5 bogomips)
Hyper-Threading, x86-64, MMX, Physical Address Ext, SYSENTER/SYSEXIT, SYSCALL/SYSRET
14:47:55 up 25 min, 1 user, load average: 0.31, 0.36, 0.17; runlevel 2
————————————————————————
Benchmark Run: Wed Apr 11 2012 14:47:55 – 15:15:58
1 CPU in system; running 1 parallel copy of tests
Dhrystone 2 using register variables 8852030.2 lps (10.0 s, 7 samples)
Double-Precision Whetstone 1139.6 MWIPS (9.9 s, 7 samples)
Execl Throughput 614.0 lps (29.9 s, 2 samples)
File Copy 1024 bufsize 2000 maxblocks 100716.4 KBps (30.0 s, 2 samples)
File Copy 256 bufsize 500 maxblocks 28459.8 KBps (30.1 s, 2 samples)
File Copy 4096 bufsize 8000 maxblocks 285042.6 KBps (30.0 s, 2 samples)
Pipe Throughput 170710.1 lps (10.0 s, 7 samples)
Pipe-based Context Switching 32243.8 lps (10.0 s, 7 samples)
Process Creation 1183.1 lps (30.1 s, 2 samples)
Shell Scripts (1 concurrent) 1253.7 lpm (60.0 s, 2 samples)
Shell Scripts (8 concurrent) 161.6 lpm (60.1 s, 2 samples)
System Call Overhead 188621.4 lps (10.0 s, 7 samples)
System Benchmarks Index Values BASELINE RESULT INDEX
Dhrystone 2 using register variables 116700.0 8852030.2 758.5
Double-Precision Whetstone 55.0 1139.6 207.2
Execl Throughput 43.0 614.0 142.8
File Copy 1024 bufsize 2000 maxblocks 3960.0 100716.4 254.3
File Copy 256 bufsize 500 maxblocks 1655.0 28459.8 172.0
File Copy 4096 bufsize 8000 maxblocks 5800.0 285042.6 491.5
Pipe Throughput 12440.0 170710.1 137.2
Pipe-based Context Switching 4000.0 32243.8 80.6
Process Creation 126.0 1183.1 93.9
Shell Scripts (1 concurrent) 42.4 1253.7 295.7
Shell Scripts (8 concurrent) 6.0 161.6 269.4
System Call Overhead 15000.0 188621.4 125.7
========
System Benchmarks Index Score 203.4