Works until the load on the loader exceeds the
ballast and the the tractor is balanced on the front axle at which point 100% of the weight, tractor, load and ballast is on the front axle. A tractor without ballast won't pick up much at all, front axle never carries more than the weight of the tractor and load. Add ballast and the front axle is carrying the full load on the loader, plus much of the weight of the tractor and ballast. (Ever spin a back wheel with a full load on the loader?) The front axle becomes the primary fulcrum and the load on the loader is further from the fulcrum than the ballast is from the rear axle. If ballast didn't increase the ability of the tractor to lift, then I could accept the concept.