"Web sharing monitoring tools"? For reading the logs? For outage notifications? For security?
The web server used in OS X and OS X Server is Apache. There are all sorts of tools around that can be used monitor Apache. That can involve changing the log file format generated, but that's an easy change.
Web sites such as pingdom or zerigo watchdog can be used, as can ifttt or other such services. A folks have even converted Google Docs into a web site monitor, if you're into creative solutions.
AFAIK, VirtualHostX isn't a monitor, it's a tool that — like the server tools — enables and manages Apache virtual hosting on OS X, whether the integrated Apache or MAMP or such. With OS X Server, the tool manages what Apple calls "Sites". Haven't had much use for that, as Server Admin.app has met most of my requirements there, and directly editing the configuration files has resolved the rest.
I see various different tools named WebMon, so I'm not certain which you're looking at.
Some of the more general monitoring tools include munin and monit, cacti and zabbix. There are many others.
I'd suggest posting a different (new) question for your quest for suggestions here, with some details on what you're monitoring (just web? mail? snmp? other services and protocols?), how much you're willing to implement or maintain yourself (there are brute-force ping scripts around, for instance) and some general idea of your budget.