Dan, a welding instructor that I know (not local) made the same suggestions as you have on the rod and V. I have made very deep and wide V on both sides. So they are prepped and ready to be welded.
As far as there being more to the story, there could be. The box blade has been reinforced because of a previous oops (see picture). I was grading in reverse down hill and hit a rock dead center. Yes, I know get a bulldozer Anyway, I do not know if that blow weakened the hitch arms but there was no damage the box blade this time.