Welcome to the Community - Yes, SRM no longer requires a SAN you can do site to sire replication - but please note you still need vCenter at both the protected and recovery site -
Sorry, I didn't post my question clearly. I am trying to understand if I need the ESXi hosts in Cluster or not. With SRM5 standard license I can't create cluster... so can I still use SRM (VR based replication)?
You do not need a cluster - SRM works with anything besides the Essentials packages.
Thanks. I have tried it myself and it works without cluster.