Nige
I think it would do what you want to just fine, in the controlled situation you are describing. Tires will handle serious overloading if they are in good condition and the speed is slow. I can't remember where I read it, but it seems like I read that you could double the rated capacity at a 5 mile per hour pace.
The frame looks strong enough, and the sa,e thing can be said of wheel bearings as tires. Overloading at low speed can be done without problem. I would say if the load does not bend the axle housings, it would haul it for short slow trips.
The dolly frame would be built to hold around a 50 ton load at highway speed, and typical design for such is a minimum of 5G loading for impact, so the design should hold 250 ton static, give or take. Your slow speed will reduce any impact loading to no more than 2G, and that is not likely. With that figure in mind, you would not seem to be in danger structurally either. Sounds like a good idea to me.