The downfall to this hitch is emergency braking with a trailer. Seen a few rolled under bumpers in my day. I had that style many moon ago and it worked for light duty.
Take a look at Wheel Vintiques. They have 16-8 and 16-10 with 4" back space that have the hubcaps lugs. They come black, you can paint them, they are not cheap. These are going on my truck!!