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If your keel nuts are properly torque I would not expect any movement from your keel. However I guess that could depend on the boat construction. Marintex is very hard so it might crack if flexed but it is very strong and bonds very well. I have used it for this purpose about 3 times with good results.
Will be putting some on my current boat shortly, it is one I purchased last year and am in the process of replacing the final 2 keel nuts and washers and retorquing them all.
Gary
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