Well, I just lucked out having the mounts at a height where the towbar was level with the right drop hitch. As for flat towing, I only did it once. It was downright scary

BUT...
it was my first time towing it, so I may have been a little too fast through the switchbacks.
Also, it was right after doing the suspension, and I only had the toe-in aligned so it was driveable. The camber was still wayyy off (I was towing it to the trail for a "break in" on the suspension).
I think the alignment may have affected the way it towed, combined with a little too much speed.
The thing is, when I'm towing a trailer, it usually has trailer brakes. Even if it doesn't, the tongue weight alone on the back of my truck will help me when braking, because it keeps the back end of the truck forced downwards. So, with a conventional trailer, I find that the trailer "holds" me back in the turns with only slight braking on my part.
But, when flat towing, there is no tongue weight. So when I went into a turn, I am only relying on my truck's brakes, and in addition to that, the Tracker is acting as dead weight, pushing the back end of my truck around, making a very scary situation. No tongue weight on the truck means it was pushing the back end around too much. I was hearing the tires of the tracker skipping behind me on a few turns and on the more aggressive turns, I could hear and feel the back tires of the truck skipping, too. Twice I was forced to use up the lane of oncoming traffic (when nobody was coming) to correct it because it felt like it was out of my control. And when I say I may have been going too fast, I'm not talking a lot of speed, I'm talking 20mph, 25 MAX, and the long line of cars behind me keeps growing!