can a swb 4x4 tow?

[Wildstreak]

Hey guys I'm new to the site and this is my first thread. I have owned a chev pick up my whole life, after selling my 85 blazer(and then losing my license for a year, which is still half way through) I have a few options. I have a 68 swb fleetside 4x4(picture enclosed), at the time the build looks to be extensive, pretty much a total frame up resto, including a new motor and tranny and transfer case, and axles as well because it has a closed front end and I suspect that parts will be hard to find for it when it brakes. To me it would cost like 10-15k to get it just in a primer state(seeing as I have a spare body that is perfect with no rust). Another option is that I have a friend selling his 71 blazer 4x4 350 4sp running in mint condition and cost less than 10k. I would love to buy this blazer and save my 68 for a time when moneys not so tight so I could put every bell and whistle on her. And here's where we come to the problem, I was just reading on another thread that blazers and swb pickups shouldn't tow. Now all I would ever be towing is maybe a quad trailer or my sled on the trailer. Is that possible or should I think about building a lwb 4x4, which defeats the purpose of a trailer because I can just put a sled or quad in the back. Any info will be greatly appreciated!!

Might I add this site rules!!!
thanks
Joe