I'm totally going to sound like two things:
A) Not a metalhead
B) A jerk
But anyway, I think this is a clear example of why combo amps, if chosen carefully and correctly for their application, can be a great option.
I, like you, got tired of lugging a 4X12" around. So, at about a day's notice to myself, I went out and just dumped the cab, head, and some other gear for a good tube combo. It's still a bit heavy, but much less to lug around. For what it's worth, it sounds a hell of a lot better too. And more importantly, I don't have to deal with messing around on other people's stuff (which affords me the option of telling them to keep their mitts off of mine).
That being said, I probably wouldn't attempt the two-head thing. It might be worth it just to leave your cab at the practice space or to try to get a used one or a cheap one to leave there. But, if money is tight, you picked the amp. Just lug it.