If you want to wait. Any previous hitch will work. It does sit lower as you said though but so far has worked just fine. Might swap out next year and put the concealed factory one on but was not waiting as my window to use my SeaDoo is limited in NJ.The hitch is different. It sits higher in the bumper giving more ground clearance. The bumper cover has a removable cover and the new hitch has a different cover that goes around the hitch with a built in 7 w8re connector. But yes it uses the same 8 bolt holes on the frame.