Where you may have a problem is with your payload. There are a variety of configurations on the F150's. They can have anywhere between 750 and 3200 lbs of payload.
Payload is your truck's capacity to carry the weight of aftermarket accessories, people, cargo, WD hitch, and tongue weight.
Toy haulers are intentionally built to be heavy on tongue weight. This is to counter the weight of your toys and still maintain the necessary tongue weight. At gross weight that trailer could have tongue weight between 1000 and 1500 lbs.
It's possible, the trailer (with WD hitch) could take up 1600 lbs of payload.
You should check the payload on your specific truck. It needs to have enough capacity available to carry everything and everybody, you plan to put in or on the truck, plus, up to 1600 lbs from the trailer.
If you don't have the heavy duty payload and towing packages, you probably don't have the payload to handle that trailer.