There are many different design elements between the ST vs LT tires. Although I wouldnt, I can see how an LT tire would work on a trailer, an ST tire however would not work on a tow vehicle due to the sidewall and tread design, the ST would have way too much sidewall flex and the tow vehicle would be unstable.
Another issue with the ST vs LT would be weight, the LT will weigh more, this "unsprung weight" or rolling mass if you will, would have an effect on the suspension and braking of the trailer, it may or may not be noticeable but it will be a factor to consider. Like many, I would prefer to buy an ST tire that offers a wider margin of weight carrying than most of whats offered, thats why it pays to shop and see whats out there, as our OP did, You cant beat an informed consumer !
I think if you look closely the ST tires have a much stiffer sidewall than a LT tire in the same size and hence a higher load capacity for the same sized tire ... not more flex ... and that is one of the critical elements I mentioned in resisting the ladder or curb scruff in very tight manuevers where the tires are trying to twist on the rims because of the very close spacing of the axles. Semis have the same issue on the two back axles, but those tires are like rocks and can absorb that more than our measly TT tires. The very stiff sidewalls in an ST tire is one of the major advantages since you actually want less traction at the road surface (i.e. a tall skinny tire) with less surface traction vs. something on a vehicle where you want max traction for control. All the tires on a TT needs to do is to follow the direction it is heading in.
Larry