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I have a used one for a Barracuda/Dart, p/n/: V-5. You drill two holes in your rear bumper on the sides of the license plate area and two holes close together in the spare tire pan.
I also used this style hitch on A bodies. I had my dad's old one from a '71 Swinger. I was able to spread the uprights slightly (to accomodate a wider tag opening) and mounted the same hitch on a '71 Duster. I only used it for towing a 14' run-a-bout. I'd say it is a Class 1 or Class 2 hitch max, not suitable for pulling a heavy load.
But you should be able to rig a B body to safely tow a car (assuming you upgrade the brakes to more modern specs, dual master cylinder, front disc's). 
Scott B.
"I'm a self-made man... I started with nothing, and I still have most of it!"
68 360 rusty B'cuda 'vert (GO Fish)13.59@ 98.72 mph
69 340 GTS stock 14.18@ 95.60 mph
01 5.9L Ram 1500 Quad Cab 4x4
01 3.5L 300M 16.23@ 86.97 mph
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