Hi Chris Davis,
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When you shut down all VMs and turn the cluster shared volumes offline prior to switch reboot, there is complete safety by eliminating the risk of data corruption but there will be a downtime during maintenance.
If you put one of the servers in your two node cluster into maintenance mode, it allows continued operation of VMs and workloads with minimal service interruption, but one node becomes a single point of failure during the maintenance.
According to your environment and specific requirements you can choose one. If you want to ensure safety, shutting down all VMs and taking the Cluster Shared Volumes offline is the most thorough way. If you need to maintain some level of service availability, putting one server into your two node cluster into maintenance mode can achieve a similar result with less downtime.
You can refer this https://learn.microsoft.com/en-us/azure/azure-local/manage/maintain-servers
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