Well I guess I'll jump in first. Tongue weights and load weights are controlled as much by the truck/car as by the type of hitch. I THINK the class hitches go about like this:
Class I - solid flat bar type hitch, mostly fixed
Class II - 1.25" square receiver
Class III - 2" square receiver
Class IV - 5th Wheel Set up in truck bed
I know there are hitch (tongue) weight and pull weight limits for each, but in most cases these are never reached as the vehicle limits are exceeded before the class limits are reached (but I guess you could do it by putting a Class I on a Duramax ).
DBlake - The Diesel Fleet...
94 K2500 L65 6.5TD Ext Cab LWB 4.10s GV OD 232Kmi "Big Red" (5th wheel puller)
86 Merc 300SDL 305Kmi "Shimmer"
83 Merc 300SD 168Kmi "Brown Beauty" son-mobile