So long as the brakes work then the weight difference - even negatively, isn't an issue so long as the GVW rating of the 'prime mover' isn't exceeded.
Only pitfalls I see are backing up (need lots of car park practice) and traction on icy hills.
Are you doing this commercially? Do you have a CDL? Going long distance and exposure to DoT State Troopers.....
I think the further we get into your situation, the more questions will be generated!!! Be safe.
Non commercial for sure. I do not have a CDL but am considering one for other projects. I will not be going long distances either unless I have found a new fangled way to haul stuff home from govliquidation.
I'll be pulling the M720 loaded with a forklift, within 10 miles. My tow rating is around 7000 lbs. I may see an extreme load of 12,000 using a larger M832 dolly. I can pull it, but stopping it is the main concern obviously.
As soon as a find a mechanical air compressor for my SUV, I'll be able to utilize the air brakes on the trailer through a trolley valve. I have an electric compressor but it's output is borderline for an air brake system. From my reading it's suggested to not use the trolley valve on semis while driving due to trailer wheel lock up and possible skidding, however in my application I see no difference compared to using my electronic trailer brake controller.
I have not read the threads here on air brakes and license endorsements but from other sites, air brakes on recreational vehicles require no endorsement. I have not received a consistent answer from DOT folks here in my area for the few months I have researched it. Some say they "think" yes you need a CDL, some say no, not for recreational. I have not seen any mention of hydraulic actuated rig brakes in combination with air controlled hydraulic actuated trailer brakes. The weight rating of this trailer requires brakes,,, and it has them. They did not see me coming.
I have seen tow rigs/SUVs using the bumper hitch dolly converter to pull 5th wheel and/or goose neck trailers so I know it's not unheard of.
Not sure if there is a discernible handling difference between a dolly converter and a trailer with a steering axle like the M720/M832.
I have been close to a jack knife situation on sand covered concrete while pulling a car dolly so I am aware it does not take much to end up with trouble even when well within the ratings. However pulling a heavy load with a lighter rig from my experience is fine if the trailer brakes are operating properly.
I am definitely open to hear the glaringly wrong aspects of my idea.