Yea the trailer is kinda rough, I have debated replacing it. The wheels are 10". The trailer mostly supports the boat with rollers down the keel, there are a couple rollers outboard of the keel at the rear of the trailer but that's it. It also seems to have a lot of tongue weight but that may be an issue with the hitch setup on my truck - I need to add more rise and see if that helps. The wiring insulation is dryed out and cracking and it's got some surface rust as you can see in the pics.
All that said, it does have bearing buddies and seems to be structurally sound - it survived the 170mi trip back to our house when we bought it and has been used with this boat for many years with no issues as far as I know. At least I haven't found that it's caused any damage to the boat. What attracted me to this particular boat was the motor, only 53hrs on it, verified with a diagnostic cable and yamaha software on my laptop before purchase. I was more willing to overlook the crappy trailer because of the nice motor.
What is the benefit of larger wheels/tires? Just to keep the temps down and get a longer tire life? I may look into that when it comes time to replace the tires, but I would have to modify the fenders to get clearance and I'm thinking it'd make the tongue weight issue even worse.