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In typically AWS managed fashion:

If you want to get it set up and running most of the way without tuning a bunch of stuff it’s pretty good.

It also has significant cost overhead compared to self-managed and limited instance types.

My team now is working on migrating a 2.3 cluster from AWS ES to a 7.8 self-managed cluster (probably 7.9 now I guess). We do lots of indexing throughout the day and the i3 instances available are pretty weak, just switching to r5d/r6gd instances greatly reduced our indexing and search latency