The rest is correct. (Though you can hardlink the installation.) And you can disable self-update, though it does it by default.
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To be fair, running multiple copies of a service isn't that common.
E.g. if you wanted to run multiple copies of PostgreSQL you can't just do a vanilla install.
The rest is correct. (Though you can hardlink the installation.) And you can disable self-update, though it does it by default.