Hello, and welcome to the forums!
If you published a game with Hosted Games, you would not be able to adapt that game in a choice based game format. My understanding is that this includes visual novels. If you wanted to do a sequel to your published Hosted Game as a visual novel, and you had retained your IP rights, this would (I believe) be OK as long as it was new content.
For example - I made some short interactive stories about characters from my published game Crème de la Crème in Twine and Ink. That’s fine. But I would not be able to adapt the actual published content of Crème de la Crème into a new Twine/ Ink/visual novel game.
You’re likely OK with work based on public domain content. There are Hosted Games inspired by The Wizard of Oz and Pride and Prejudice, and as far as I’m aware they were published with no issues.