For one, it relocates the load on the axle. It will ride where it is not intended. It will cause premature bearing failure, bent axle housing, among other things. The one ton dually rear end is bigger, bigger brakes, designed to run duals. Not to mention has springs, frame, and drive line to match the load. If this adapter allows you to run off set wheels like a dually, you will have to carry to spares. The front will not allow you to run the same wheel with out changing the spindle, rotor, hub, caliper, and possibly the master cylinder and booster. When all done and said, if you increase the load you carry, you will be above the GVWR and the GCVW. There is a thread going right now about running over weight, you might look into.
Bottom line, if you want to load like a one ton, you should by a one ton. You will be safer and it will cost a whole lot less than the conversion in the long run.