the .exe is something you put on a seperate system. I ususallly call them vC Ops View Agents/Collector. It should not go onto your View or vCenter Server.
Once deployed this is also where you find the Dashboards to deploy and the PS scripts to run on one of your view connection servers.
Is there any official documentation on this?
It seems silly to stand up a windows server just to run this very lightweigh service. I almost wonder why this just isn't another dedicated appliance that is part of the vapp.
I have this running on my lab vcenter server right now wihtout issue. What are the downsides to doing this?