That looks like an Adjustable Trailer. The Winch Stand has to be raised a considerable amount to get the Bow Stop about the Eye, as you also want the Winch Line pulling Horizontally not up or down as it passes under the Bow Stop(you might have to wrap the Winch Strap/Cable the opposite direction on the Winch Drum, which will have you cranking the Winch the other Direction).
I had to have my Winch Stand reconfigured by the Dealer after delivery so the Winch Strap was feeding off the Drum more Horizontally.
As Delivered
A couple weeks later
I actually had the entire Trailer reconfigured.
As delivered
Reconfigured
