The simple answer is to use low range until you have the trailer out of the water, then switch to 2wd. No damage.......no effort. It doesn't take a rocket surgeon to figure this one out.
Your choice 14" - 5 lug trailer wheels
$79 Each - Free Shipping
ST205/75R14 Kenda Loadstar radial trailer tire
$94 Each - Free Shipping
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CARBURETOR REBUILDING - $125 + PARTS
LED trailer lights, Hubs, Spare Tire Carriers, Chrome & Powder Coated Lug Nuts