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So as the frame been extended to the rear of the bed? If yes, then I think there are less expensive options than the Torque-lift. If no, then yes that is a good option.
Will you ever tow in slippery conditions (snow/ice/thick wet leaves)? If yes, then the equalizer may not be the best option. It can cause under-steer, and if you get into a jackknife, the friction from the hitch can prevent you from recovering. For slippery weather, I would recommend a hitch without sway control, or if you really need it, then the Reese Dual cam as it encourages the trailer to return-to-center which can help get out of a jack-knife situation. Still could encourage understeer though if the trailer is really heavy and there is not enough front axle weight.
If not towing in slippery weather, then the Equalizer is a good hitch. Reese makes a similar hitch called the Pro-series. Generally Reese has the highest rated hitches.
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2000 E350 DRW XLT extended wagon (yes! it's a dually!)
17" Ultra Goliath rims
Banks Powerpack, Diablo Predator
Buckstop front bumper, Reunel rear w/ 20,000# reciever
250,000+
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