I've read so many conflicting best practices on this topic, so I'd just like to hear your real world practices.
Our current practice, inherited from years past before I worked here, is to set it to system-managed on a separate drive which is 1.5x memory. From what I can tell, this was done for two primary reasons
- Easier to exclude from backups
- No risk of filling the system drive if the page file size gets out of control (I recall running into this problem on occasion years ago)
What are y'all doing with your Windows Server page files on your VM builds?
EDIT: So, it sounds like everyone is leaving them system-managed (ie. it stays on the system drive). I guess the follow-up questions is, how large are you making your system drive on a standard build?