I never had much luck with wheels unsupported on the outside. I am running some trailers like that because they are lighter but I'm always expecting them to fail. all my previous ones have. If there is a secret let me know.
As you say, at least it was a sunny day. In a downpour that would have been a lot less than fun. The rig looks good and must get some stares. If it weren't for the internet and mail I wouldn't be able to move my projects ahead relying on what is available locally. Have you figured out how you're going to keep that nut on? I think I'd buy two of them.
SB
Nylon fixing nuts should do the job (drop of Locktite might as well).
As for trailers , well, live axle is invented long ago , as well as bearings. I know that it can be a pain in the butt to do that properly , but scavenging comes to rescue again. For example , those things with wheels that people use in storage rooms - don't know right expression (moving refrigerators without forklift) or in bars (to move few cases of beer ) are very sturdy and with some cutting and welding , you'll get almost unbreakable trailer. Just mu two cents...
Dollies here have those wheels that swivel where as hand trucks have only two wheels and they are fixed. I have some solid tires on lawn mower wheels I am messin with/; I'm afraid of them because they are plastic hubed.