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The auction servers are not really that different from the others. You get the same support. Every few years I hop onto a new auction server when it's cheaper than my current one. Never had any problems. When a HDD dies I get a new one as quickly as with the normal dedicated servers.
What you do with it is up to you. I run most of my services on bare metal. I did some virtualisation years ago but didn't see any benefits. I have one or two services running through Docker. That might go up with time, as it seems to be the easiest way to get something up with the optimal configuration.
One of main reason's I love docker is that migration is really easy, I just go ahead and tar up the docker compose directory and move to another distro and done, migration is done and everything is on another system.
When it comes to performance you get bare metal performance while keeping virtualitization benefit's like container's.