I ordered the Curt receiver hitch PN#C11158 because it tucks under the car a few inches more. From the top of the receiver opening down to the ground will be about 10-3/4", and from the center of the hitch pin hole to the edge of the bumper will be about 4-3/4".
Compared to the hidden hitch/draw-tite: From the center of the hitch pin hole to the outer most part of the bumper is 2 inches. From the top of the receiver tube to the ground is 11 inches.
Also, ordered the 20x48 Pro Series Cargo Carrier for 1-1/4" PN#6500 because it has the riser and won't need the adapter. Plus, you can adjust the basket closer to the car.
The basket weight 50 lbs + bikes 60 lbs= 110 lbs. So still some room for extra gear like cooler, tent or luggage. I also have an anti-rattle hitch lock so it will take away some of the slop movement.
Thanks for all the input.
The 1 1/4" to 2" adapter is the biggest problem. Adding extra length to your basket + load puts alot more leverage on the rear frame where the hitch is attached. Tongue weight is specified without an adapter. I have a Yakima 4 bike rack that I need to use an adapter with and it really makes the back of my car squat with a couple of bikes on it just because it sits out so far. Departure angle, like unpolloloco mentions, is also a problem. Be careful on any steep driveways or roads.
I saw that Curt hitches recommend using a strap that hooks on the trunk or hatch to support the weight. I ended up not getting it because I think I'd rather let the other parts bend or break instead of my hatch. But it may help tame the movement when carrying 4 bikes.