This makes sense. It does not look like P-95 in the picture, which is an acrylic by Acrylite that has a matte finish (not frosted) on one side.
And 5/16", mentioned in the original post, did not seem a legitimate thickness. Quarter-inch sounds right, and is a good choice for this type of sign..
Some additional points:
Machining acrylic, whether by cutting or boring, tends to introduce micro fissures in the material, cracks that you may not even see. So does flame polishing, as mentioned, as well as heat bending.
Using drill bits made for acrylic minimizes micro-cracking around the perimeter of the hole. Drills made for wood or metal have the wrong-angled cutting edges for acrylic. They try to dig and gouge. A drill made for acrylic, on the other hand, will have more of a scraping effect. Also, it will have a sufficient rake angle behind the cutting edge to minimize heat.
A saw blade for acrylic is similarly designed. Usually recommended is a "triple chip" tooth arrangement with a rake of 0 to 5 degrees. Minimizing heat minimizes cracking.
Pinching acrylic sheet damages it, too. Again, it is unseen, but at the molecular level a tight fastener can create stress damage over time. So much so that, at some point, the pressure of normal cleaning can cause a corner to break off. This damage from prolonged pressure is called "creep." Commonly recommended is to finger tighten a fastener and then back off a quarter turn.
Hole diameter should be at least twice the diameter of the fastener's shank. The distance of holes from edges is recommended to be three times the diameter of the hole by some authorities, though Acrylite seems to recommend less as a minimum.
Countersunk holes and countersink fasteners should be avoided.
Cast acrylic is a better choice than calendered. It better resists heat from machining, and thus it resists micro-cracking better. Its polymer chains are longer, giving it greater sturdiness than calendered plastic
And cleaning without solvents is safer than using solvents. A solvent tends to find the micro cracks and make them worse.
https://www.acrylite.co/tech-briefs.html
Brad