As far as being rain proof, yes! Probably as well for pulling it through a river that's up to the fenders, I think it would be fine. The top is fairly heavy, so is the tailgate and they both have a 1" lip. I think I may add a thin rubber gasket on the bottom of the tailgate for added tightness, but once it warms up I'll take a pressure washer to it and see. Scott/Sunfire Off-road did a great job fitting everything together as it's all tight!
Here is the tailgate lip and then of the top.



As far as trips, I have to get it tagged and licensed. Scott sent off a request to the state to get it tagged, then I'll have to get a LEO to stop by and sign off on it, then I can go get it licensed. I'll then take it to a local off-road park and give it a try. I also have to consider keeping it secure.
It's a standard 2" receiver hitch. I based this build off of the Pikes Peak trailer, which the guy that builds those thought that the standard 2" hitch was quieter for general towing. I'll tow mine to Colorado/out west which is about a 3k mile round trip. He also thought that it did fine for off-road towing and he's done some decent towing with his (see his videos here). I do have a cushioned long ball mount with a 4" drop to clear the spare tire (as I have an AtoZ rear bumper with a built in tow receiver).
I don't intend to tow this over boulders as I only have a 3.5" lift and 32" MTRs anyway. I wanted this trailer to tow to a backwoods camping spot, park it and leave it. This picture below was a camping spot last summer at 11k ft. elevation. It was quiet at night! (No one was around but maybe Bigfoot?!)

As far as the first modifications, I've ordered a 3' x 6' rubber mat that I'll cut to fit the inside floor. I'm also looking at a battery, a basic power inverter and some inside lighting.