That was my video the OP linked to. I will add that I had a 35" tire and the latching mechanism was the old auger screw pin stye, which in my opinion was not the most secure method.
As for the wobble, I do believe it was partially in the swing arm design. I've come to terms with the fact that no matter what, every tire carrier will have some wobble to it. For me though, I felt the wobble was excessive. It was excessive enough that it actually made for awful vehicle handling on washboard highways/roads. Any additional wobble from any other source just made it worse. I don't know if there was a flaw in the bumper or not. I sold the bumper before troubleshooting any further.
I'll also make the case that the rear portion of our frames is VERY weak. Add the additional 100's of lbs, especially overhanging weight and you can physically see it tweak at the end rails. For this reason alone, I think it's almost crucial to weld in a support cross beam to strengthen the rear of the frame horns for additional weight. You're ridding of the spare tire under the vehicle anyways.
If I do go with another rear swing out bumper, I would love to give CBI another try. Especially with the new latch system. However, this time I don't plan on a full length swing arm or any gas can carrier. I'll also upgrade the rear body mounts and likely weld up a cross beam to strengthen the end of the frame rails. I kind of also want the hybrid to cut back on some weight.