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If you're satisfied that you think it'll be strong enough, give it a try...
A comment I'd make is that you might consider turning the CURT hitch around (upside down) so the 2" square tube is on top of the bumper. That will gain you about 5" of height for the front tire of the bike that has the front wheel/tire sitting below the bumper. As it is, that's a "sure bet to be damaged" if you happen to hit any incline at a gas station or campground road/curb.
Oh, and don't forget that 70 pounds you calculated: You didn't add in the 70 or so for the spare tire, wheel and carrier.... Total, closer to 150-175 pounds that'll be bouncing up and down at towing speed...
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John
2015 F250 6.7l 4x4
2014 Cougar X Lite 27RKS
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