TomG,
Most ballast on tractors is in the tires. It does not affect the bearings, axles or any other parts of the tractor. It does help both traction and stability. 4WD with all the ballast you can get on a tractor is the second best thing to a tracked vehicle, which is the best thing - and I wish I could afford one when I need it (like right now).
Yes, tractor tires have load limits, but the rear tires are usually only used at a fraction of these limits due to their large size, that is why the tire pressures can be run so low.
Traction and Stability are both required at all times. One is kinda meaningless without the other.
There is no downside to too much traction. If you can kill the engine, you don't have enough engine.
I would expect to fill the bucket completely or push through the pile. Nearly all Ag tractors have draft controls to limit the load while pulling earth engaging 3 point loads to the point the tires won't slip.
If you want good examples, look at the Kubota M9200 Orchard tractors. They drop the wheel diameter from 30 to 24 inch and use solid steel inserts in the wheels to lower the cg. Yes, wheel weights are considerably below the cg on most tractors. Ballast in the tires is below wheel weights due to most of the water being in the bottom half of the tire.
As far as ballast as a function of tractor weight, A
M6800 is 4500#, 1500# loader, 1400# ballast in tires plus driver and fuel drives out at nearly 8000#.