Uncle Sam probably payed twice that..The **** will wreck a BDU uniform very quickly.And is some real messy stuff.I only found a price on "skygeek". $1200/gallon. Yes, one thousand two hundred US dollars per gallon. If that's even remotely correct...wow.

YES, somehow I can identify with your solutionHere are some of mine;
First up is fan cooled 8 ohm 250watt Dale non-inductive x2, used some LCD Tv feet for away to get it off the floor . I used this one most of the time with the ST 1200a
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Next up is neat little load bank, with selectable 4,8,16 ohm settings. I was told that they were made for McIntosh service centers in the 50-60s, but haven't found any information on them to validate that claim. They did come from an old Mac dealer/service center and are about (guessing) 60 watts, very professional looking. I have two of them.
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And when need more wattage or different load values? A bunch of 8 ohm Dale's 250 watt.
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No, but back in about 1984 I repaired a Fender Super Reverb Amp at an alternate location from my shop. When it was completed I needed a dummy load to do the bias adjustment and full power test.Hello. The recent posts about "dummy loads" made me research a bit (since I was offered to buy a couple of large inductive dummy loads, 12" long thick aluminum pipes wrapped with enamel wire, making 8 ohm, and some hundred watts).
Have you tried a circuit like this one, to make a reactive load, simulating a speaker load?
(no affiliation)
https://www.prosoundtraining.com/2011/08/09/dummy-load-testing-large-amplifiers/ (scroll down to the impedance graph)
All I know is they blow, everybody blew theirs. The way they do their rating is not good. That's the bottom line, they blew so bad that's why they belong in the history in the last 30 years already. If their advertized rating is anything close to the real life, they should had stood up to a Fender Twin with only one speaker. I doubt they can last 30 minutes of the full on Twin Reverb.
Those K or D120 might be able to last a little more if you run just say 60Hz sine wave. The voice coil is 4" wide with paper voice coil form running in a very narrow gap. If you run one low frequency, it might hold up, but if you over drive with clipping with a power chord, the voice coil just jump and bent out of shape. The diameter is so large it doesn't take much to get out of shape and start rubbing the frame and destroyed. It was such a bad design even a novice can see it.
I am talking as a working musician in the real world that see all the bad JBLs back it the 70s. Funny when I went to the tech, he had a big bucketful of bad JBL 4" voice coil cut out he even gave me a few to take home. You look at one and you'll know exactly what I mean and why it failed, how easy it bent out of shape.
More importantly, they don't sound good for the rock over drive distortion. They might be popular for the 60s surf music like the Ventures and Beach Boys with crystal clear guitar sound with reverb, but when the hard rock music came in style, JBL just did not cut it. The middle aluminum dome was the problem. It's more a full range speaker than guitar speaker. When over drived, it sounded more scratchy. You want the Celestion Green Back type of speakers for rock. By mid 90s, JBL was non existence.
Inductance be damned... my dummy load is over 2:1 SWR at 440MHz ... Sigh. Need to get better resistors...
One gallon new paint can with heavy rubber exterior coating loaded with 2 water heater elements, filled with mineral oil and connected to vented expansion bottle. Sits in a deep tray.