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My friend got the same ticket last weekend except his was only $115. I wouldn't risk it personaly and just pay what it is and let it go. There might be a way around it but in the end it will probably come up again and you might have to do all kinds of other stuff to get it resolved.
It didn't work for me. I tried it with a speeding ticket once and they mailed the check back to me with a letter stating that it had to be for the exact amount. That doesn't mean it won't work for you since I'm sure this varies from precinct to precinct.
If you're really worried about it I'd just show up to court and ask for court supervision. The judge will most likely give it to you (unless you've amassed a significant record) and it should drop from your record after xx number of months with no violations.