My hitch used to be the standard bolt on draw-tite hitch that fit right under the stock bumper.  The stock bumper was about 5" below the frame rails, and the low point of the hitch was about 3" lower.  I removed the stock bumper, and took the arms of the hitch off.  I then welded the center section of the hitch (Ignore the ugly welds, I was trying to teach myself how to weld overhead, welds are plenty strong, just butt ugly)  to two sections of 2x3" square tube that I had gotten from an old pair of sliders.  I drilled holes to mount it to the frame, and voila!  a new attachment/tow point, and because my 3" body lift lifts the body about 1/4" above the frame rails, I slide on that, isntead of sheetmetal.