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I´m actually quite suprised by how much memory I need to allocated for my sites (400 at the moment) which makes for a quite expensive solution.
What kinds of webapps are you running and how much traffic are you getting?
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move my non critical sites to another account
This is the current top choice for myself. I'm within the limits of the cheapest PS level, but my sites are totally minimal wordpress apps. I could see that if I had a bulletin board or an active gallery site, I'd be pushing the limits up.
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switch back to shared (it was slow but at least it didn´t return error messages)
This is also an option I would consider. You have to tradeoff the more reliable performance against the guaranteed resources.
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find a cheaper solution somewhere else
It's a bit of a hassle, but you could consider getting another cheap shared hosting account at another hosting provider and do your first option of having one PS account and one regular shared hosting account, but at another provider. It's much more of a hassle because you have to get used to two different providers and chances are you'll have to deal with the evil cpanel filesystem setup, but it does give you two redundant hosts.