The swing-away is interesting to look at but you lose the functionality of the drop-down tailgate. That would be a ton of weight on the fender AND you would lose the same tailgate functionality and you would need a ton of space to open/close it in a parking lot!
When I repainted my Bronco, I removed the spare tire carrier because it impacted ready-access to the tailgate. Never had a flat tire, so I know one is coming now!