1. "I assumed my trailer would be a good bit more, but am I correct in assuming part of the trailer weight is sitting on the truck, so I am not getting a "true" trailer weight without unhitching and weighing by itself?" CORRECT
2. "Is a 2" drop in the rear and a 1" rise in the front acceptable?" YES, but you didn't mention using a WDH, which, with 1250lb hitch weight, would fix that issue.
3. "Sitting in a level parking lot, the trailer is almost exactly level and the truck looks be level also. No drop or rise that can be seen in the front or rear." RELY ON YOUR MEASUREMENTS rather than your eyes.
"Truck and trailer ride good down the interstate, no sway, no real bounce unless it get on really rough sections of road." ROUGH ROADS really seem to amplify when youre
