Almost reminds me of a train, haha.
It's not that much trouble to fold the tire down, guys with swing-aways have to do the same thing just horizontal. The hardest part about this is finding the hole for the pin in the dark, I might add something to the other side of the pin for aligning purposes.
Went on a 200 mile (round trip) drive with the trailer attached, had close to 700lbs in it on the way home. Mount held up great, although I did have to make new safety chains before I left, the old ones were too short.