Otto - Probably, but when you're trying to protect a new paint job, ya do what ya gotta do.

52Carl - For 1947-53 AD's, nothing but chain. Beginning in 1954 the chain came with a separate cover GM# 3810750 - COVER, chain (1-1/16" x 13) which carried over to the TF trucks.

FWIW, My Grandpa used black plastic thin wall plumbing tubing with a section cut out of the side to go over the chain, allow it to fold at the bottom when tailgate secured. The cut out also served as a drain path to keep it from filling up with water.
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~ Dan
1951 Chevy 3 window 3100
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"My Grandpa Carl's Truck and How it Became Mine"
1966 Chevelle (Wife's Hot Rod) | 2013 Chevy Silverado (Current daily driver)
US Army MSG Retired (1977-1998) | Com Fac Maint Lead Tech Retired (1998-2021)