I will use the draw bar for smaller utility trailers and pull type implements. Need to remember to keep the three point lifted so it's out of the way!!
You can buy a three point hitch that uses standard 2" square draw bars like a truck hitch. The 3040 three point is rated at just under 3,000lbs at the balls so you should be able to handle any trailer you would want to pull with a tractor that size. The nice thing about the three point type is that you can back under a trailer and pick it up without messing with the trailer jack. You can also use it to dump a small trailer but I wouldn't do that without a chain between the draw bar and the hitch to limit how far it can raise!! There is also one built with a top mounted ball for gooseneck trailers.
Ken