Oh sure, but as i said the choice of diodes is pretty free. If you want a test load that can run an unlimited time you can dimension the diodes (and heastinking for them) accordingly. There are plenty of power diodes on the market that can be mounted to a heatsink in TO-220, TO-247 packages.
Another thing to consider is what type of diode you want at these currents. Perhaps you may want to use schottkey ones - you'll need more of them but have a more precise control over the current/voltage curve as well. And you can use things like MBR1645 diodes mounted on a heatsink. Those cost under a dollar a piece (and are mostly used in solar systems and such) , but have the downside that their heatsinking flange is connected to one of the terminals, so each diode would need it's own heatsink, or you'd have to mount them electrically insulated. The do handle 16 amps though.
You can get case-insulated diodes of similar specs though at decent prices, so you could use a single heatsink for all diodes and the resistor making it easier to build.
But whatever you do, keep in mind that you just want to build something that mimics the electrical characteristics of your specific diode as best as it can, at least around the current you actually plan to operate the laser diode at.
The goal of a dummy load is to act like it was the actual laser diode, but just not be susceptible to driver mishaps like current spikes, and even if it is damaged by one to be much cheaper/faster to replace than the actual laser diode.
As a concept this as been around forever - even back to when people were using dvd writer diodes and the dummy load could just be something like 2 or 3 1n400x diodes in series with a 1 ohm resistor, which mimicked the electrical performance of that diode pretty well, and also provided the resistor to connect a scope over so you can look at the current.