The rapid advancement of large language models (LLMs) has introduced new challenges in their evaluation, particularly for multilingual settings. The limited evaluation data are more pronounced in low-resource languages due to the scarcity of professional annotators, hindering fair progress across languages. In this work, we systematically investigate the viability of using machine translation (MT) as a proxy for evaluation in scenarios where human-annotated test sets are unavailable. Leveraging a state-of-the-art translation model, we translate datasets from four tasks into 198 languages and employ these translations to assess the quality and robustness of MT-based multilingual evaluation under different setups. We analyze task-specific error patterns, identifying when MT-based evaluation is reliable and when it produces misleading results. Our translated benchmark reveals that current language selections in multilingual datasets tend to overestimate LLM performance on low-resource languages. We conclude that although machine translation is not yet a fully reliable method for evaluating multilingual models, overlooking its potential means missing a valuable opportunity to track progress in non-English languages.