A hi-lift is a good tool for what it is. It's mostly a lifter and puller. Once you get to a certain bumper height, and have not enough droop, the hi-lift is a prime user. If the droop is too excessive, without chaining up the axle to limit droop, the hi-lift becomes unstable and potentially dangerous in lifting a vehicle. Hi-lifts are good for lifting something off the ground. Good for pushing something off a rock or tree. Good for using as a winch with rigid hardware (no straps).
For a lifted vehicle with good axle clearance, I've always found a good tall bottle jack very capable of changing a tire, lifting the bumper off a rock (actually had myself pinned on an off-camber climb in all rocks and stuck my bumper on some flat rock which rolled. The rear tires weren't touching at all).
So at some point, hi-lift, at other times, a real good bottle jack. The stock bottles should work fine, but really show the limitations rather quickly. Good bottle jacks will run near $30 with a case, folding sticks (which can be used to clear broken shafts out of axle housings), and a good wide platform.
I have all but the lowest size hi-lift. I don't trust my 60" too much with my 6500# Bronco. But the bottle jack, not a problem as the suspension gets loaded as the tire is lifted off the ground.
To mount the hi-lift, do note that it is used in the elements. So using it in mud, then have to pack it inside......Can be secured very simply in parts if really necessary. Can be secured with bolts and wing nuts. Lube with lithium grease (helps keep the real dirt out). Use several times in driveway as the holes and locking shafts won't really line up. Always keep your hands tight on the handle when there is a load on it. Stand to the side of the handle. Do not place your fingers from the other hand on the jack. Once the hi-lift starts popping up and down due to the weight, it will hurt if the handle smacks you. I've seen broken fingers due to being crushed on the shaft. I've seen broken jaws when the handle slaps the face. It can and does damage. Be careful.