Yes, you can install Dropbox in VPS, but you will have to keep LAN Sync option disabled in Dropbox client settings. When LAN Sync is enabled, VPS generates unusual outgoing UDP traffic on port 17500, and consumes excessive bandwidth. As a result, we may receive complaints regarding UDP attacks originating from this VPS. To disable this option, you can refer to our knowledgebase article.
How to Disable LAN Sync Feature In Dropbox Client To Stop Unwanted UDP Traffic?
We also recommend you to block outbound connections on remote port 17500 using Windows firewall. To achieve that, add Windows firewall rule by executing below command from the command prompt.
netsh advfirewall firewall add rule name="Dropbox UDP flood" protocol=UDP dir=out remoteport=17500 action=block