BioMax
+1y
From my past experiences, 2x3x.120 wall frame rails work just fine. They do flex more, but so does the factory frame rails. If you plan to do ANY towing though, I would definately go with 2x4.
Bag placement also plays a big part in the stresses that are being "seen" by the frame rails too. For instance, A reverse 4-link will have more frame flex than a foward 4-link if the bags are leveraged. But if the bags are directly over the axle, the stress will be the same. The way that we built "low Life" Mike rear frame section, we could have used 2x3x.065 because there is little to no stress on the frame except for the weight of the bed.