One of my concerns with lifting via a receiver hitch is that the snout on the Hi-Lift traveler doesn't really fit into a 2" ID tube very far, and there is nothing in that tube in the form of a lip to make it more secure. It is at risk of sliding out under load. If you have a shackle slider and the shackle is large enough to fit over the snout on the traveler I would suggest using it instead of direct insertion.
All of that assumes that all of the weight ratings involved are high enough to make this viable.
In the 20 years that I've owned my Hi-Lift I've used it in the field exactly once, and that was to aid stability of a vehicle already lifted by another jack. These days it does a very good job of holding down part of a concrete slab in our backyard and I carry a small hyd. floor jack on a skid plate instead. Every time I mention this the Hi-Lift kool-aid drinkers get all wound up. Save your efforts, I'll not be convinced otherwise.
Said hyd. jack when it was new: