Re: flipping axel to the top of the leaf spring
If the OP can verify via contact with an appropriate expert, that his trailer and all of the associated hardware, are safe to configure as either an axle under or axle over setup, I would revise my opinion.
As someone offering advice, however, my concern is this - as manufactured, his trailer was set up as an axle under design. That means that all of the bumps in the road will drive his axle into the springs, not away from them. As such, the stress on the u-bolts is minimal. All that they do is to hold the axle in place and they are assisted in this task by the spring bolt.
Conversely, if the axle is flipped to the axle over position, all of the stress related to retaining axle position is transferred to the u-bolts and it will be in tension, not in shear. That means that the threads on the u-bolt and nut, are the weak link. If those u-bolts happen to be the same ones that were on the trailer originally, they may not be of sufficient size and strength to safely do the job.
Certainly there are plenty of trailers with axles in the axle over position. There are also kits to change axle position. What I question, is whether or not the OP's setup has parts of sufficient strength to make such a change safely. Unless I knew this to be the case, not by anecdotal comment, but by expert opinion, this is not something that I would do.
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