I ran across this design also, if I was going to use it both ways much I’d do it this way, simply raise it and you have your 3 pt. View attachment 545683View attachment 545684
I am doing mine very similar to your pictures. I will have a 2 5/16 coupler which will be used for highway use too. Tilting with a ball hitch is less strain on the pins and having a ball on my tractor drawbar is okay as I never use it.
I will have the swivel tongue jack and hydraulic cylinder for pitch front to rear. Plan on using the top link cylinder here.
Thanks for the pictures.