The Lockpick Lawyer says he "probably buy this". That's about as good of endorsement as you can get from him.
https://youtu.be/XXUpB_BrriY
I like his videos! The cheap tire clamp locks he pops them open scary quick.
My son is in law enforcement and says in his area, the "professional" thieves will back up to a trailer with hitch and pin locks installed and will wrap the safety chains around their truck hitch and simply drive away.
They then drive around the corner somewhere close by and then take their time cutting off any hitch lock and pin lock. They remove the trailer license plate and replace it with a stolen plate. Then off they go to sell the stolen trailer for money and/or drugs. My son says the experienced thieves can steal the trailer and have it ready to drive far away in way under 15 minutes.
Good luck protecting our valuable asset!
My neighbor is a roofer. One man show, he is also cheap, rather relax than fix something. The coupler on his dump trailer has been broken for over a year. He just wraps his chains around the tongue and goes. Scary thought about what might happen.