Yeah I know, I thought someone might say that, but with the u-bolt it would be tight. you would be able to see/ feel that from the outside. with the bolt thru the link it is always loose and moving so no way to tell what's really holding it.
I'm not saying you should change it, just not something I would plan on doing if I were designing a trailer.
The double clevis would require a plate or a loop welded on, so for simplicity a u-bolt would seem to be the way to go, provided you can find a stout stubby ubolt, like what's used on a cable clamp.
One problem I can think of with clamping a link tight though would be how to position it so when a shock load came on, it wouldn't be the weakest link because it can't move. Then I suppose you could leave the ubolt loose by using the nylocks, but now your back to climbing under or at least feeling underneath to check their condition/position.
I guess OP had a legitimate/ good question
JB