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For the Hyper V Server that will be running Windows 2012 and 2k3. Which one is better?
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Virtualization is the act of creating a virtual (rather than actual) version of something, including (but not limited to) a virtual computer hardware platform, operating system (OS), storage device, or computer network resources. Virtualization is usually the creation of a system that executes separate from the underlying hardware resources, or the creation of an entire desktop for systems located elsewhere, similar to thin clients.
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You already have a Type 1 HYpervisor built in Windows 8.1 Pro! (included for FREE! at no more cost!)