I'm not why people are jumping on the COG bandwagon so quickly. I have a couple of things to try that don't cost money. Porpoisoning is an out of balance condition front to rear. The fact that the rear is bouncing when the air pressure is lower implies the shocks are too weak but lower tire pressure can create a similar affect.
Increase the tire pressure in the front and rear. I suggest bringing the pressure to maximum which is probably 80. Lower the air pressure in the rear until the truck is riding level.
Those changes should help. Other things that many people have done that does help with bouncing is switching Rancho adjustable shocks.
You can also add Torklift stableloads or fashion your own extended bump stop stops to ensure the rear overloads are always engaged with a load. I don't know if those apply to your truck.
'10 Ford F-450, 6.4, 4.30, 4x4, 14,500 GVWR, '06 Host Rainer 950 DS, Torklift Talon tiedowns, Glow Steps, and Fastguns. Bilstein 4600s, Firestone Bags, Toyo M655 Gs, Curt front hitch, Energy Suspension bump stops.
NRA Life Member, CCA Life Member