Lurker from sector67 in Madison, WI here.
Unlike ABS plastic, PLA has a really sharp dramatic transition from a
solid to a liquid. Where most thermoplastics will go from a solid, to
a gel of varying density. PLA goes instantly from a rigid hard
plastic, to a VERY runny liquid. So runny, that it can leak through
an otherwise tightly fitting threaded bolt. Leaking pla from 3d
printer hot-ends is a common problem.
You are looking closer to 375F (~190C) as a transition point for
melting out PLA. You might have to use silicone instead of wax paper
to pull it off, but its certainly a possibility!
Another thing to think about when working with PLA is that its
extremely "abrasion resistant". It will destroy sandpaper or any other
tools you attempt to use to finish it. (In fact, its very difficult to
recycle because it dulls the metal blades used to chop it up very
quickly)