Thirdly, the whole point about decentralisation is that having lots of people run nodes means that individual nodes DO NOT NEED the ultra high uptime that data centers provide. If one API node is down front ends auto switch to others.
For an API node, I agree, for a witness node I disagree. Every time a witness misses a block, it has to be passed on to the next witness and puts the chain at risk.
RE: Hive API Node for under $750 - Hive can scale at very low cost.