Well, managed vs. unmanaged:
If you're good at *nix or are willing to learn then I'd go with unmanaged servers. Meaning you get root access and you are responsible for the system to run. If the machine will be fucked up all the host normally does is put it back to state when you started renting it. So all your modifications are gone.
This is preferable beacause it's cheaper and you can customize the server to your own needs.
However if you don't have time nor knowledge to do that, then you better go with managed servers. So if there's a problem arising you have support to handle it.
From what I've got with your messages I rather recommend right now having managed servers.
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