Shared hosting will have way more restrictions than a VPS. With a VPS is like having a piece of a dedicated server, you have root access also, you can install whatever you want, restart your process...
Most VPS accounts are not managed, that is something that must be taken into consideration. If you are not able to manage a VPS, then shared is your only option unless you find a VPS offer that includes management. We recently made available a handful of managed VPS accounts that include our fully managed support.
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I have a few VPS accounts and many shared hosting accounts with different hostings, shared is fine for lower traffic sites. Just avoid those hosts that oversell their servers.
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