I have an Equalizer and have used this hitch on two trailers. It is easy to hook up and easy to unhook. The hitch head is heavy and you do have to lubricate it so it can get a bit dirty to handle.
Mine did make noise early but after having checked with the factory, once you put a little lubrication on the head and the L brackets, this noise all but goes away. On my current set up it is lightly dialed in and makes almost no noise. My set up is level and I have yet to experience any sway in close to 40K miles on my current trailer.
Way back when I purchased my first Equalizer I was pointed in this direction because I did not want to have to disconnect before backing and I didn't like the idea of snapping the chains in place. Today's hitches are much better and these two issues are no longer big concerns.
Don't avoid the Equalizer because of the sound. I understand that others make as much or more noise as an Equalizer. There are a lot of good hitches out there today. Good luck finding one that works for you.