Since Sue's application is primarily for impact protection, not towing, the bolt should suffice.
Also, I've done this mod to mine, for the very same reason, & strapped more than a few vehicles from my hitch location.
Having designed & built it myself, with ridiculous amounts of triangular gusseting incorporated into the build, I'm not too concerned with regard to strength...
Nope...as long as it's in the same vertical plain as the original orifice, you just move whichever accessory you're using back the same distance & install the pin...which now clears...![]()