Its NOT neutral when you factor the use of the front end loader.
Ill give some examples with some round numbers and easy to follow
Tractor.....MX6000....With loader and cab......lets call it a 6000# machine
The matching loader is "capable" of lifting 2000#.
However.....in its bare configuration (unloaded tires), it can only muster to lift 800# in the bucket before the rear wheels lift into the air.
The WHOLE 6000# tractor AND the 800# load is now ALL on the front axle.
Now lets load the tires with 700# of fluid. Bringing our tractor weight to 6700#. This added
ballast now allows the loader to lift 1500# before the rears hike into the air. 6700+1500 you now have 8200# of weight all on the front axle. Thats 1400# MORE than if you didnt even load the tires.
So using that example....say you wanted to move stuff thats 1000#. The tractor simply CANNOT lift it. But in the process of trying....your front axle is seeing 6800#.
Load the tires and now you CAN lift and move 1000#. BUT, your front axle is now seeing MORE than 6800# due to the transfer of weight.
The MAXIMUM weight the front axle will see, is when you have the bare minimum amount of ballast to max out the front loader. That puts the entire tractor weight, entire ballast weight, and entire lift capacity of the loader ALL on the front axle.
Any less ballast....means the loader will lift a lesser amount, and less weight on the front axle.
Any more ballast (in the form of counter weight on the 3PH) and now you begin unloading the front axle.
So basically, having just enough weight to keep the @$$ on the ground is the worst possible combination as it allows for the maximum amount of front axle load. You have to go significantly BEYOND just keeping the rear planted to make any meaningful difference unloading the front axle.
A tractor that lives its life with no ballast and nothing on the 3ph cant make much use of the loaders capacity, and is dangerous and unstable, but unlikely to ever damage or overload the front axle.
People who ballast, but just enough not to be "tippy" and still max out front loader....thats the worst. It literally blows my mind the number of people who constantly recommend ballast numbers that are no where enough. 1000# of counterweight is what you want on a 3-series deere or a 35hp L-series kubota. The larger GrandL's, MX's, or equivalent 4-series deeres.....1000# is not enough period unless all you are doing is moving mulch