OK, my two bob's worth time...
ECE-55 states that the maximum permissible towball download is 10% of the towed mass or 1000kg, whichever is the lesser.  That's from memory, not verbatim but the figures are correct.  I can't comment on the current ADR as I haven't reviewed it recently.  Note that Australia will be adopting the ECE reg soon as an ADR, so it will come into effect at that time.
Putting 350kg onto the towball of a Disco will potentially not end well.  I really wouldn't recommend it, plus it exceeds the manufacturers recommendations, which means you're outside of that legal security blanket as well.  It would likely overload the rear axle if you're at close to GVM, with the increased wear and much higher risks of failures that entails.  Any weight put on the towball is also magnified onto the rear axle due to the leverage effect of the towbar cantilevered out the back.
(Un?)common sense should prevail here, and some thought given to weight transfers under dynamic loadings (cornering, acceleration and especially braking).  Braking hard with a loaded horse float hitched up is an "interesting" experience and teaches you much about Mr Newtons Laws...  Think of how hard it is to maneuver a loaded wheel barrow at walking pace.  Multiply that by 200-300 times in weight and 30 times in speed, and then make the contents of the barrow move about randomly...  Hmmmm... 
				
			 
			
		 
			
				
			
			
				DiscoClax
'94 D1 3dr Aegean Blue - 300ci stroker RV8, 4HP24 & Compushift, usual bar-work, various APT gear, 235/85 M/Ts, 3deg arms, Detroit lockers, $$$$, etc.
'08 RRS TDV8 Rimini Red - 285/60R18 Falken AT3Ws, Rock slider-steps, APT full under-protection, Mitch Hitch, Tradesman rack, Traxide DBS, Gap IID 
			
			
		 
	
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