Better to lower hitch or raise pin box?

OP back, I just lowered the hitch today. Measuring the distance between the bolt holes it looks like I lowered the assembly by about 1 1/4". I used a floor jack under the assembly to support it then just undid the bolts and lowered the jack enough to place the bolts through the next vacant holes.

So after everything is done I'm pretty much back to the 5 3/4" tailgate clearance I had before except the overall trailer height has been lowered by over an inch due to the EasyFlex install, not a bad thing.

Thanks

Ron W.