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This depends on if your application of the service requires high availability and flexibility.
Which you going to choose if for cPanel?
Then I would probably go for a dedicated server
If you're going to sell VPS out of the server then dedi. If you need to host your own app/need instant scalability and H.A. then cloud server would be the best.
@srvrpro As we mentioned will use this machine for cPanel.
If me, i will choose cloud server. Why? Because i just need to pay for resource that i need. That mean lower cost. It's also scalable too, easy to upgrade resources on demand. Plus high availability.
For a small to medium cPanel install, I would go with a cloud server as that will allow you to use the cheaper cPanel license for virtualized environments. For a larger install, use the dedicated server.
the point of @budi1413 look at.... I was agree with that, we just need to pay as much as resource we need or we use.... but when it was come larger, I agree with @fizzyjoe908 thanks both of you make that points