most people that build block stands have steel ibeams on top with plywood over that. the plywood is strong, but not in that dimension. plywood is strong in terms of compression, not flexion.
you are asking for trouble. maybe not immediately, but given time, i wouldn't make a stand like that. if you are going to make a stand like that, then i would put some kind of solid frame on top to support the entire perimeter of the tank. and at that point you might as well make the whole thing out of wood.
this type stand is efficient for large tanks that don't want center posts because the steel ibeams are much stronger. it doesn't really make much difference on a 4ft tank. you can make a 4ft stand with no center posts out of 2x6s or even 2x4s without a problem.
you are asking for trouble. maybe not immediately, but given time, i wouldn't make a stand like that. if you are going to make a stand like that, then i would put some kind of solid frame on top to support the entire perimeter of the tank. and at that point you might as well make the whole thing out of wood.
this type stand is efficient for large tanks that don't want center posts because the steel ibeams are much stronger. it doesn't really make much difference on a 4ft tank. you can make a 4ft stand with no center posts out of 2x6s or even 2x4s without a problem.