New Installation Directory, Same Hosts and Ports, Cloned Database
Benefits: New installation is almost identical to old. Safer than first scenario; rollback is much simpler. Can start old installation after shutting down new installation, and vice versa. Can fully automate using custom composite templates or can perform step by step using a combination of the Command Central web user interface and commands.
Cautions: Requires double disk space because old installation is still present. Must adjust third-party tooling to point to new installation directory.