Litespeed Hosting and Cpanel addon domain question

I currently have two Vultr 1GB VPS running OLS with Cyberpanel. Both are low traffic WordPress sites, one's a blog, the others a WooCommerce photography store.
No issues, just want to wind back my responsibilities and focus on content more than admin, so I'm looking for a decent Litespeed hosting company if anyone has any suggestions VidMate Mobdro?
And are there any benefits or downsides to using a single Cpanel account to host both sites, one as an addon domain? I understand the file systems are merged? Does this impact backups/restorations (UpdraftPlus) or should I spend more and host separately?
Anything to look out for? Any concerns or advice on this setup? etc
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