I am using VPS for developing PHP applications, and it's very fast, you can configure almost anything you need. The price is very good for the features that you have, and I recommend it. What I don't like about is the control panel, it's really bad, it's not intuitive at all. I have also had problems with the support, I had a question about a feature and I didn't receive any answer in 2 days. I had a problem with the performance of the server, I had to increase the RAM, and sometimes the server didn't work, it was very slow. I had to increase the RAM from 512 MB to 1024 MB, and solved the problem. I used it for developing PHP applications, and it was very fast, I recommend it.