NAT and NGINX on the same server

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http://serverfault.com – I'm setting up a VPC cluster for my collaborative todo list application www.getdoneapp.com. To have my servers on the private network I need a NAT server so my servers on the private network can connect to the internet to receive updates and what not. The NAT server will consume an elastic IP address, so I'm wondering if I can just have that NAT server run nginx to direct traffic to my internal servers for HTTP. So the question is, is it a bad idea to run NGINX and NAT on the same server, or should I go for consuming 2 elastic IP addresses? (HowTos)