An asphalt paver may include a tractor and a screed configured for towing behind the tractor. The screed may include a tow arm secured to the tractor at an adjustable tow point. The paver may also include a monitoring system configured for monitoring and displaying the position of the adjustable tow point. The monitoring system may include a sensor arranged at or near the tow point for sensing the position of the tow point and a computing system in communication with the sensor for displaying the position of the adjustable tow point. A method of paving involving adjusting paving parameters to avoid or compensate for movement in the tow point is also provided.