When I first purchased my LR3 in 2006, I was amazed how badly the receiver/hitch combination was designed. It hung very low to the ground seriously compromising the departure angle. I had bought the hitch receiver for the bike rack (an LR bike rack which I still use to this day).
Every time I had to park the truck up my steep driveway or when backing out, I had to raise the suspension to off road height to avoid the hitch/bike rack hitting the ground.
They have revised the hitch receiver at least twice over the last several years and I've had three so far. But since the original mounting point design was so bad, even the latest generation hitch receiver is not in the best of the physical positions when mounted.
What they should have really done was redesign its mounting mechanism and place underneath there somewhere (possibly behind the bumper under that plastic cover where the towing electrics port currently reside) so it didn't fight the full size spare tire and didn't compromise the departure angle.