Eye Bolt Strength

I'm working toward flipping my hull (79 DS II) to do some repairs. I plan to drop the trailer tongue (raising the after section) and put saw horses under the transom. Then lifting the trailer tongue will rest the transom on the (properly shimmed) transom. We will then lift the bow on a line attached to the eye bolt. Once we pull the trailer out, we can lift the back and roll the hull over (pivoting on the line through the eye bolt) and gently place it upside down on supports.
Two questions:
1) can the eyebolt hold half the weight of the hull (assuming it is in good condition); and
2) are there faults in this plan I don't see?
Thanks.
--john
Two questions:
1) can the eyebolt hold half the weight of the hull (assuming it is in good condition); and
2) are there faults in this plan I don't see?
Thanks.
--john