I have no idea of how a Dodge, or a Ford for that matter, operates in or out of Tow/Haul and so I won't go there.
But on a GM the button is on the end of the gear shift and the button serves 2 purposes.
1- Press the button quickly and it shifts into or out of Overdrive
2- Press and hold and it shifts into or out of Tow/Haul mode.
The only time I have it in Tow/Haul is decending a mountain. I also will engage Tow/Haul when approaching the exit ramp that I will be using. I will occasionally use Tow/Haul to assist in braking in cases where I maybe on a highway traveling at speed and notice a traffic light up ahead that I will possibly need to stop for.
With the exception of some upgrades I always tow in Overdrive.
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