That would be the way I'd fix it.
I never run across any draw bar that seemed to have spring steel in them. I have at least two that I bent down and they sure didn't bend back on their own. I have one in my Farmall C now that is bent down some. I have extended for the power take off from the crimper and bailer. I pain to move in or out. I have replaced two over the years with hot roll bar on Olivers and they didn't bend. The ones I bent I had the drawbar extended and hooked onto a heavy down load which I should not have.