Not necessarily bad in concept - and I'll admit that I have no experience with that particular model. However: for a bit more than that costs, you could just do a front towbar with receiver. The advantage of that setup is that you can then use a receiver shackle, which ultimately is preferable (IMHO) for non-straight pulls - exactly the situation under which hooks like to bend (or break, if you're really going at it); it also gives you the flexibility of being able to use it for more than just recovery. The downside to the front towbar: I've yet to see one designed to put the receiver anywhere other than under the stock bumper, so you'll lose some approach angle.