Glad you all like it!
Scrap, I already did test it. Lifted the tongue up until it hit! Plastic plate mount will bend out of the way, lights are safe by about 3". The good thing is the d-rings are the first to hit the ground, They let you know when you've gone far enough and your body paint doesn't get damaged. Another happy perk of the 101. I don't plan to dump it too often.
I actually am working on a different plate mount, I just have it on like that for towing around town. The lights are more or less temporary as well. When I get into the camper build, the lights and the LP will have to be moved anyway.