It is common and yes, I just went through it in December. Luckily my bed didn't get damaged.
Hey, at least it isn't a Toyota!
You do have to take the hitch off. You can't access the bolts for the shackle when installed - on a 4x4 anyways. Pick up some new bolts and bushings for the spring too.
Check the other side. It won't be far behind.