Isolation comes with a performance hit.
OpenVZ will perform better if the host is not overselling the RAM.
VSWAP is better than burstable RAM, as it acts like SWAP and makes the customer upgrade to next level of RAM earlier.
If you purchase OpenVZ and actually use the Burstable RAM, you are affectively borrowing from a pool of shared RAM. And all the other customers can borrow too, which can lead to RAM shortage.
VSWAP is memory, but acts like disk, slowing down memory access by a very large factor when you use it, thus you prefer not to swap.
So if you know you need 4GB of RAM, you shouldn't buy 2GB RAM 2 GB Burstable, you should buy 4GB Guaranteed with whatever burstable, otherwise you're in trouble. Or 4GB of RAM with whatever VSWAP.
You get what you pay for.
Xen is better here, that you always know what your getting, but the machines need more omph to acheieve the same performance, so it no good getting an underpowered Xen box.