What about taking a snapshot of the final VPS, then spawn a few instances of it and load balancing those? Then there'll be multiple nginx nodes, and the setup with have even higher availability!! =D This way, there won't be a case of possible failure of nginx, otherwise that would be the point of failure.
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I was actually doing this while I was mining a few weeks ago, it worked pretty well. And yes, this would increase availability even further, though it would get pricey pretty fast!
You also have to consider that if you use multiple nginx nodes and proxy them to different servers, all of the bandwidth will be multiplied by the proxy. Not a problem though if you're using internal networking, since most providers don't charge for it.