I installed cPanel on my droplet. Only restriction is that it must be CentOS. Took roughly 42 minutes for the install to complete. Only concern is being limited to one IP address as nameservers ideally require two. However, some say you can get around that and only really need one. I'm in the midst of trying it out.
cPanel is a convenient application that allows users to administer servers through a GUI interface instead of the traditional command line. Although the installation for cPanel is relatively simple, the script does take several hours to run. Here's how to install cPanel on a virtual server running Centos 6