OK Mike let's first look at what you have. A 4.8 motor--that is not a big engine, about 300 c.i. or less. AND your rear axle is 3.73. That is a fairly tall gear. You probably get pretty fair gas mileage but you suffer for carrying a good sized load and pulling a trailer. You say you came using the tow/haul mode in the transmission--that does not give you another gear IT LOCKS OUT TOP GEAR. So instead of a 4 speed transmission you now have a 3 speed. Of course the engine rpm were elevated.
Now let's talk about the trailer. At that weight it should have brakes--probably electric or surge brakes. You can tell if you only hooked up the ball and the electric connection is a flat four pin connector--surge brakes. Brakes are applied when the trailer surges against the tow vehicle as you apply the brakes. IF when you hooked it up the electric connection was 5 or more pins and you have level by the steering wheel--- electric magnetic brakes. The brakes can be applied when the brake lights go or when you mover the lever. THAT GETS THE TRAILER STOPPED or helps.
So now how you use the truck and trailer. If your use of the truck is mostly (say 75 to 90%) picking up kids, groceries or doing errands then I wouldn't change trucks. It'll be inconvenient the truck will work hard but it is doing the job. The gear is a little tall and a 3.90 is better but that burns more gas around town and the rpm will always be higher. Why do I say that? You'll start camping or partying a little later and the you do not need a new truck.
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