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A burst type instance type with the same performance as Lightsail would have a similar CPU transition.
In the case of EC2, you can choose the instance type, so it is better to change to the appropriate one depending on the application workload.
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You can choose to run a burstable EC2 instance like T3 or T2 in "unlimited" mode so it doesn't ever throttle. However if your workload is regularly taking the instance into the burst zone then it would be more cost effective to run so other instance class like M, C or R depending on the balance you need between CPU and memory. You can run these at whatever % CPU you want without extra costs.
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