From my experience.... :grin:
I towed ours with a 2000 Expedition with the 5.4 and tow package with LS. I modified mine slightly with exhaust, tune, shift kit and some suspension goodies like upgraded after-market anti-sway bar, shocks etc. It did an unexpected great job! Without getting into the details of why, at one time I ran it up to almost 95 MPH and was solid as a rock.
However, the Expedition weighed close to 6000# ready to drive and the boat weighed anywhere from 7200# to 7600# depending on fuel/water and gear. While it drove very well, great power etc., even stopped well when the brakes on both axles were working well, it was a fatiguing drive on long trips only because you can't fool physics. The boat out-weighed the truck by1500# or more and that makes a difference. A long wheel-base will be much better also.
I got an Excursion 3 years ago and now the truck outweighs the boat by about the same margin. Road trips are much more relaxing. Power etc. are obviously not an issue so comfort and peace of mind are the icing.
You really should get the boat weighed. When I had mine weighed, I didn't have a spare or the extra battery it does now and it was dry with only a few gallons of gas and had no gear at all. It weighed right at 7000#. The typical tandem axle trailer weighed 1650#. Add the spare and battery alone and that's 100#. Add 65 gallons of fuel, 20 gallons of water, gear etc. and I've estimated mine at about 7500#-7700#.
Honestly, I'm not following GM really, but if you have a 1/2 ton Sub that's equipped to tow, I don't think it's worth an upgrade to a 3/4 ton Sub. There's just not enough difference. The Excursion was the only true heavy duty SUV and now, there isn't any HD SUV's in the market. But newer ones with better engineering are much better than in recent years.
My take is, if it's a 1/2 ton, it should be a long wheel base at and of course appropriate towing equipment as a minimum or true 3/4 ton, again, equipped properly.
Related, if you have a typical tandem axle trailer with 14" tires, keep at least 1 spare and take special care of the tires. Do the math; you're at or over max. capacity. Mine was a big block boat and the slightly heavier early model so I've probably got 200-300 extra lb's.
The tires should be kept out of the direct sunlight/environment, inflated at least to the 50 psi max., better to go 5-10 psi over (See Goodyears RV tire guide and the industry recommendation to inflate 10 psi over max if driving over 60 MPH. It's due to heat build-up) and if it's sitting in one place for very long, rotate the wheels around 1/4 turn at least once a month so the oils in the rubber do not settle leaving a dry patch on top, which will be what separates on the road. I had 3 new Marathons do that last year, and I pin-pointed it to sitting in one place, outside the previous winter while the motor was being built and rigged. I just went up and rotated the wheels around 2 weeks ago and each tire was sticking to the concrete floor. These are brand new tires so they are nice and healthy.
240's should not be put on tandem axle trailers with 14" wheels. It should be a triple axle or heavier, 5200# axles with 15" wheels so you can get a tire that's not over loaded. Lessons learned....