Re: oil vs varnish vs epoxy
Sun and water are brutal on brightwork, of any kind. You might want to ask yourself, which can I repair most readily or will I just keep it from being exposed?
Varnish is the most repairable, IMO. Still, it takes a ton of time to apply. Its the 24 hrs between coats that is a time killer.
I like Bristol Finish as a substitute. You can recoat within an hour and do the whole job in one day. Looks closest to real varnish too. Still, harder to repair, so you want to top coat each year and stay ahead of any blisters.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.