First of, thank you all for your replies and opinions. This forum and it's people are the greatest.
As I mentioned, I have seen Tone's hitch and - no doubt - it is a sample of a great craftsmanship and I am sure it looks and works great. But before saying that other hitches look bad don't forget that beauty is in the eye of the beholder and I actually LOVE the way this tow hitch looks on Swordy's VX here (I don't know if this the same as UHaul hitch or not):
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I actually think it gives VX even more aggressive and powerful look. I agree that it does not look stock but I don't really care if an accessory such as a tow hitch looks stock or not. I am also fine with the fact that it hangs lower because I think it actually provides some protection as SPAZZ mentioned above. Another interesting thing is that it does not require any metal or cladding cutting so it is not a permanent mod. I am assuming it could be removed without leaving any trace besides any wholes that they might drill underneath.
As I mentioned, I am just researching my options and wanted to get some opinions and possibly pictures of the UHaul hitch installed. V-Twin hiCROSS, if you can snap one for me that would be great! Thank you all.