No it won't. I am 80% there in adjusting my Curt hitch to work with my stainless muffler.
Curt needed to work a little more in the pencil department

before the end result. (imo)
It does the job for what it was intended to fine. Only two minor flaws.
Forget aftermarket exhaust/muffler. Two forget about lowering it.
I've scraped several times just going in and out of less than perfect driveways, stock height and no trailer.
I'm going to bring the receiver end in about 6 inches and remount the chain holes.
Oh, and work it over the muffler.
If it works out, and my welds look OK

I'll post some pics.