Welcome to THT!
You won't need a weight distributing hitch for under 5000 pounds on an Explorer. My wife's '02 Explorer V8 never had a problem with our 4000 pound boat/motor/trailer combo. I have not tried towing with her '06 Mountaineer V8.
On a boat trailer you generally want tongue weight of 5-7%, so you're looking at 350 pounds or so.