It should so seem, but the soot will not burn away until the underlying metal reaches an appropriate temperature. I have used both soot and marker pens on thicker(1/4") as well as thin sheet stock. Takes much longer to burn off the thicker stock.
The only thing to watch with the acet torch is that you do not start a molten puddle by leaving the torch in one place for a period of time.
Cheers Trevor Jones