Kevbo, good explanation. Works for me.
My "tradeoff" point is being able to turn my bike in either direction in close quarters. The side mount hitch point just doesn't allow that for me, so I built this:
Seems to do OK, until I put >100lb in the trailer. Even then, the problem appears to be more the trailer than the hitch. With 75 lb and less, I hardly notice the trailer, except for the additional effort to climb hills. Seems to be stable while braking, no fishtailing etc., just additional stopping length.