I was just lookin/thinkin at my 126 and my Johnson loader a couple weeks back, would be easily done but the center pivot on the front axle would be the weak point, more so than the spindles.
The small fels for a GT are only rated to lift about 350-400 lbs so if a person uses it within those limits I dont see a problem putting one on a 126..... but a wider tractor overall will always be better.
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Lance / Alberta Can
IH 127 w/deck, snowblade
IH 154 Loboy(x2) w/creeper 3pt and 3160 deck
CCC 12.5 w/deck
Plus 35 or so non IH tractors
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