The sway bar has nothing to do with Weight Distribution. It is good to have sway control...I also have it installed ALONG WITH my weight distribution on my travel trailer...still need to install 'little ball' on the tongue of my utility trailer.
The attached picture will clarify...note the slight arch in the bars below the trailer tongue. Those are the trunnion bars and can be set to varying amounts of force depending on how tightly you bind the chains on the trailer end.
In this picture, I have my Kubota
BX2230 with FEL, BH, box blade, and several other implements loaded.
If you look at the geometry, the goal IS NOT to take weight off the ball. Rather, the intent is to spread the tongue load to the front end of the tow vehicle, in effect "distributing" the weight of the trailer and trailer load to all 4 wheels of the tow vehicle. My Dad tells me that the old advertisements for these hitches would show the tow vehicle WITH NO REAR WHEELS and the hitch assembly literally suspending the rear of the tow vehicle in the air.
If I removed the WD trunnion bars from my truck in the attached pictures, the ball would be ~1-1/2 or 2" lower to the ground (rear end squat) and the IRS would hopelessly bob over every bump. If I had pictures showing the difference with and without the bars, you'd be amazed.
I can tell you that this is an amazing assembly. Not only does it make me feel more comforable by the more comprehensive connection between truck and trailer...it also completely eliminates "bobbing" at the hitch over bumps. I've tried my trailer, even unloaded, without my WD hitch and it feels horrible. I trailer a 5,000# load (between utility and travel trailers) over 500 miles round trip at least every 3 weeks and the trailer feels like an extension of the truck. Wonderful device.
Just wanted to clarify for you.