MrSmee
I think you are getting yourself confused with naming vs functionality.
SME server can act as a standalone web server very effectively and securely.
Firstly be careful following advice or comments made by "arne".
There was a lot of theoretical involvement by arne which bordered on being impractical.
SME server has been proven to be very reliable and robust for over 12 years now, and AFAIK has never been hacked due to inherent base system security problems (on correctly maintained and updated servers). Bad web apps that users have installed have allowed hackers in by devious means, but this was the fault of the app, not the OS.
... I wanted to find out how to create an internet ready install with a single NIC installed.
Not possible where the server acts as gateway (ie firewall & router functions), as two NICs are needed to give the required security isolation between the LAN and the WAN.
I'm stalled at the install with the choices "Server and Gateway", "Private Server and Gateway", or "Server Only".
The choice you make depends on the basic functionality required. I'm pretty sure it's covered in the Manual, so please read it again (linked at top of Forums).
Server & Gateway mode allows you to connect directly to the Internet via a bridged modem say using a ADSL service etc. The SME server acts as a firewall in this scenario. Various services are exposed to the Internet in this mode eg web server, mail server. One NIC connects to the WAN (ADSL Modem), the other NIC connects to the LAN (usually to a switch or hub).
Private Server & Gateway mode is essentially the same as above except that no services are exposed to the Internet and the server cannot be seen from the web, it's as if your server does not exist as far as the web is concerned. This is for the scenario where you want to have Internet access from the LAN, but do not want to have any public services running. IIRC the server is in Stealth mode.
In Server only mode the firewall functionality is disabled, so the server MUST be placed behind some other firewall or gateway device. This could be a corporate firewall or a home modem/firewall/router or even another SME server in Server & Gateway mode. You will need to open and forward ports on the firewall to the SME server for services you wish to be accessed on the SME server from the Internet eg web, mail, ssh etc.
You only choose this mode if the server is being deployed into a secure and trusted network, already protected from the Internet by other means.
Also note in Server & Gateway mode you can setup a DMZ if you configure your local network appropriately. It depends on the security model you require. I think there are instructions in the Manual re this, if not search the forums as it has been answered many times.
Keep in mind that SME server is already "Internet hardened", it depends on what your interpretation is and what your requirements are, regarding how you set it up. All services can easily be disabled with db commands and in Server & Gateway mode, these command changes also automatically open & close the firewall ports.