Well to start with the obvious advantage of running the server is that the hosting player don't have to be playing for everyone else to be.I meant :
Playing our own LAN, or playing a server which is being hosted by the same computer which is running the client.
That depends on the server software you use. If you just download the server from the Launcher then yeah, pretty much the same features(if not exactly).The server would only ever really being running two people (who are in the same house)
Does LAN provide most of the features of a server?
That reminds me: how would I go about setting up a dedicated server just for myself?That depends on the server software you use. If you just download the server from the Launcher then yeah, pretty much the same features(if not exactly).
You can however go more advanced and install a server on more advanced server "environments" such as Cauldron to gain access to MANY other features such as Bukkit plugins. And you can then install than in something like McMyAdmin to gain remote access to settings, console and status of the server. BUT all this is really minded for use on bigger servers with many people playing. Plugins are usually used for things like permissions(you can use these commands but not thes) and protections(this is my home and only I can break and place blocks here). I doubt you will find any need for that, specially if just hosting it on your own PC. If you set up a dedicated server, then some of these might be handy. I personally did this to use the McMA stuff(backup, sleep when noone online, scheduled reboot, etc.) on my own dedicated server which it is just me playing on
The server would only ever really being running two people (who are in the same house)
Does LAN provide most of the features of a server?
I used this as a baseline guide(sort of, it is for 1.7 and my server is running 1.6 so several things were different, but it was easy enough to figure out on my own) on how to set up a Cauldron server:That reminds me: how would I go about setting up a dedicated server just for myself?