It would in fact be a good way to measure the deflection of the tire.
That is what pressure for a sertain load on tire is all done for, to give the tire a deflection that wont give to much heatproduction for the speed you drive.
In the bycicle world 15% of free flecible part of sidewall is concencus.
Also for cars I read this 15% a few times.
This can be measured simply with a ruler , mesure for instance from middle of wheel to ground, or from rimm edge to ground .
Once you know howmuch deflection is save , you can always measure that.
But because weight R and L are mostly not the same on the axle, you would need different psi in them to give the same deflection.