On my 80 series Land Cruiser I run the spare in the factory location. This keeps the weight down low and is vastly more convenient than a swing out if you access the rear frequently. To prevent damage, I have a piece of UHMW Polyethylene strapped to the bottom as a skid plate. I have dragged this over rocks that would have damaged the sidewall, but the poly shrugs it off with aplomb.
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