@rangedzs, we would like to tell you that in general, your suggestion is correct but if you can ask, discuss, or address specific points here so it will be helpful and understandable for other forum members too.
Please set max_upload_filesize and post_max_size values on your server to the value more than the size of image you want to upload.
Please set 16M to both the variables once and then upload the image.
There is no new version is released for QloApps for this PayPal module.
You can use the current version with suggested changes in the previous replies.
In case we update this PayPal module for the coming version, we will surely update you.
You can reply here in case of any queries or issues.