Overall, I love this thing. I was a Gen 1 fan as a teen, and throughout my adulthood. Should have kept every one! The one "issue" is as a passenger, there is not a natural grab handle placement to grab as you get in, especially when I went to 35's. My wife reminds me on the regular.
This is what I did. I have a 35" spare and although I considered the drop down, I didn't like the angle it put on the trailer. I mainly pull a light aluminum fishing boat, so weight is not an issue. You do lose almost half your tongue weight limit with the extension.