Hey ViniR123, I'm in the process of setting up for the 1st time so this is a newbie experience (disclaimer), but I believe from all I've read on forums and documentation that you can do both; however, I've done the latter, which is, installed the starwind manager feature only on a separate server (outside of the 2 nodes) and the starwind service feature only on each of the hyper-v nodes. The service feature requires the license key when installing whereas the manager does not.
https://www.starwindsoftware.com/best-p ... practices/