Lots of good input on this. I've been doing a lot of searching on this too. This design on the link below peaked my interest mainly due to simplicity and less binding issues with telescopic designs. I'm just about to build a trailer and am trying to finalize ideas on this very topic.
http://www.expeditionportal.com/forum/threads/127104-Early-Bronco-Expo-Trailer-Build?p=1618914#post1618914
http://www.expeditionportal.com/forum/threads/127104-Early-Bronco-Expo-Trailer-Build?p=1618914#post1618914