Does the Hawker’s rigging crew upgrade apply to items that count as more than 1 load?

The Hawker rigging upgrade reads as follows:

Hawker Rigging: One carried item is concealed and has no load. For example, you could carry a load of drugs or a weapon, perfectly concealed, for zero load.

Does this apply to items that require multiple load count to carry? For example armor requires 2 slots of total load. So in this case, could I use the Hawker rigging bonus to wear concealed armor for 0 load?