Welcome to DT. That bucket should hold lots of mulch too, even with the holes in it to lighten it.
I think you're right!got this bucket about a month ago and finally had time to get over to my friends fabrcation shop to modify it. bucket was heavy when i bought it about 520 pounds, ended up cutting 120 pounds out of it. should work well for relocating snow and opening some of my driveways up.
You'll have to keep us up to date on how well it works for you. Any thoughts on using a wax or nonstick coatings?