That should work well Crow, and I like the pass through on the tire stand/tool end, however, I'd make a series of holes so you can "choke up" closer to the vehicle.
On the strut, unless you are up high on the hitch (you may be if your rig is still lifted...), I'd go UP to under the tire, and hinge pin it on the truck end (so it folds easily) and again use a pass through.
Or you can hinge pin it on the top of the tire stand and pass through on the 2" extension bar... (Steep angle, and tuck it under the tire)