think of the hitch mounted rack as a big lever, and the more weight you put on it, the more torque is exerted on the hitch. because of the lever action of all that bike weight causes the torque may exceed the hitch's rated performance. Ive been doing a bit of reading about this on my prius forums (because i want to do the same that you're doing). basically get the weight as low and as close to the car as you can, because the hitch mount acts as a big lever.
some people have had hitches bend and fail from overloading with 3-4 bikes and a bumpy road. others (with very light TT/race/road bikes) haven't had any noticeable issues. your mileage may vary.