Hi,
For Export:
Hyper-V Export can be used for archiving a VM which you no longer need, or as an ad-hoc backup which allows you to capture VM data at a specific point in time. Moreover, Hyper-V Export can be used for testing purposes. For example, you can create a copy of the production VM and export it to a non-production environment for testing and troubleshooting.
Note: Hyper-V Export cannot be considered as a full VM backup. It doesn’t apply compression, deduplication, and encryption techniques, which are widely used by data-protection solutions and allow you to reduce storage space needs and use available disk space more effectively.
For replication:
Microsoft flat-out does not support Exchange with Hyper-V Replica and there are known problems with using it. As with Active Directory, Exchange has its own replication technologies that are far superior to what Hyper-V Replica can offer it.
(https://www.altaro.com/hyper-v/hyper-v-replica-replication-work)
So it seems like you can only choose the first method.
By the way, in regards to Exchange backup, you can also try some backup tools such as the free version of Veeam (the paid version of Veeam has more functionalities for Backup and Replication).
Thanks for your time!
Best Regards,
Mico Mi
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