BIG-IP Virtualized Edition (VE) is an industry-leading application delivery controller and secure services platform. Providing everything from intelligent L4-L7 load balancing, traffic management, and SSL service offloading to application access, acceleration, and security, BIG-IP VE always ensures that your applications are fast, highly available, and secure. Depending on your license, you can deploy the following modules:
LTM — Intelligent L4-L7 load balancing, SSL/TLS termination and offload, health monitoring, connection state management, and application traffic programming control using F5 iRules. DNS — High performance DNS service with global server load balancing.

If you want to upgrade BIG-IP VE in the future, choose an image with 2 boot partitions. If you don't need space to upgrade (instead, you plan to create a new instance when the new BIG-IP VE version is released), choose an image with 1 boot partition. Accelerate and simplify your BIG with the CloudFormation template from the F5 Networks GitHub repository.