The better EBS volume type is Throughput Optimized HDD(st1).
If multiple EC2 instances need shared access to the same data, you should use Provisioned IOPS SSD with EBS Multi-Attach, which allows a single volume to be attached to up to 16 instances in the same Az
The best EBS volume type is Provisioned IOPS SSD because it delivers high IOPS, low latency, and consistent performance needed for database workloads.
No, you cannot use st1 or sc1 volumes for root (boot) volumes because, they are HDD-based and optimized only for throughput, not low-latency random access.
Boot volumes require fast, consistent, low-latency SSD storage to load the operating system reliably.
1. Lower cost
2.Better performance control for workloads with moderate to high I/O needs.