Is my CURT hitch ok?

So I have my hitch off, waiting for my new truck to show up, decided to clean it up a little bit and was using some of my cleaner to wipe it down and noticed some areas where the black paint is coming off and there's a little bit of surface rust underneath. Here's some pictures of the areas I am talking about, what would you guys do to clean this up so I can bolt this back on my new truck that's coming in a couple weeks?

The hitch is 3 years old.
Does it look ok? I mean they are fairly cheap online. If the general consensus is replacement I can do that.

Thanks TW,
Stay safe out there!

 

Looks ok too me but if you want use a wire wheel and add some welds maybe?

I had the same issue with my U-Haul hitch when I took it off of my 2007 Ranger and installed it on my 2010 so I cleaned the whole thing up took it down the local trade school had the kids do some welds on it primed it and then had it power coated ....

 

Wire brush , paint good to go after install on new truck shoot it with rattle can paint when you notice it starting to rust. If your in a rust prone area and plan to keep new truck for a while I would consider coating the frame with a rust preventing product.