Bare metal hosting is a happy medium between co-lo and cloud. You don't have much control over the network, so it might not be enough if you need faster NICs than they offer, but if you fit in their offerings, it can work well.
Otoh, the bare metal hoster I worked with is now owned by IBM, and a big competitor is owned by private equity; bare metal from cloud providers still has a lot of cloudiness associated too. Maybe colo is the way to go.
I hadn't looked at their offerings before, but they seem at least superficially good. A decent collection of datacenters, network with link aggregation is important to me.
I'd be curious to see any reports about their fire response in their recent incident as well as any changes they made or didn't make to other sites.
Otoh, the bare metal hoster I worked with is now owned by IBM, and a big competitor is owned by private equity; bare metal from cloud providers still has a lot of cloudiness associated too. Maybe colo is the way to go.