... the wood bar is for temporary lights to drive it home legally.
The total weight of this frame & suspension design as shown is 212# with a 10' tongue, 68" between the coil-over towers, 12" wheels, schedule 40 pipe, and 1/8” wall 2x3" square tube for the frame. About half of the weight is unsprung axle, wheels, & hubs. What can I say, I overbuild things and like safety factors over 4 above yield to account for fatigue and any other loads I forgot. I'm also quite particular about quality full-penetration welds and fully closing the tubes via welding to ensure no moist air can condense inside the frame and start rust from the inside out ... where you can't see it doing its damage.
This design assumes the trailer box is strong enough to support itself and can be mounted to the frame with about 6 bolts.
Certainly using drawn over mandrel (DOM) tube and thinner square tube would save perhaps 40# -- and add a lot of TIG welding. If I had the TIG stuff, I'd think about 4130 aircraft tubing. But, I'm limited to stick welding at the moment and build accordingly.
The forward axle connection to the tongue (apex of axle triangle) is a 1/2" tie-rod end between two brackets so the anchoring bolt is in double-shear. The tie-rod end is threaded into a rod at the apex of the axle triangle. It helps to have a lathe to turn such items, but I resort to a hand tap for the last bit.
This design would be about 10% lighter than the Harbor Freight trailer option, but it has adjustable suspension, and shock absorbers. At the end of the suspension travel there are rubber bumpers too.
A similar configuration could be made with longer-travel coil-over shocks for an extreme off-road build. Yet, the long travel coil-overs would only really help when the trailer has some inertia in roll relative to the tow vehicle. Basically a bump only on one trailer wheel would tend to rock the trailer side-to-side around the hitch ball. But if the trailer is heavy it would not correct for a second. For this short time, coil-over shocks would do their job and prevent the trailer from huge spring rebound.