I just installed a hitch on Friday so I could pull my boat to Kentucky Lake to go camping with my two pint-sized body guards.
While I had originally planned to keep the hitch up close to the frame, I decided to go this route instead since the cost goes up as drop-hitch drops go down and the weight capacity decreases as drop-hitch drops go down...unless you're willing to pay to maintain a certain weight capacity. This setup allowed me to use the drop-hitch I use with our Navigator.
With a free used receiver hitch from the local hitch shop (the owner said if I didn't go ahead and take it, it would be stolen that night anyway and refused to accept any $ from me for it), some formed scrap plates from the shop where I work, the hitch I already own, and a few bucks for fasteners...well, I only have a few bucks invested so far. I'll paint it this week and go with some grade-8 bolts for long-term use.
I wanted to go with a bolted installation so I could remove the hitch if I ever do any aggressive wheeling or want to get it back to the authentic look. I'll probably also end up welding some angles on the plates to give some side-to-side stiffness.
It's definitely low-hanging; while the departure angle isn't horribly compromised, I definitely would want to 'wheel with it.
I like it so far. The camping trip went well. Longest trip I've made in the Deuce at about 250 miles roundtrip. It was definitely a sight to see, and I figured you might enjoy some pix. The park rangers at the campground were pretty amused when we pulled up, and we had to pose for some pix at the boat ramp - I'm not sure if it was because of my stunning good looks...or maybe my boys...or perhaps it may have been because I was pulling a speed boat with a Deuce, even.