Epoxy on Carvel planking
I owned wooden boats for years until I got religion and switched to glass. Replacing planks is much easier than you might suspect, especially when you have existing planks to use a patterns. DO NOT GLASS OVER OR PAINT OVER WITH EPOXY! You can, and I have seen many fine examples of glassing over the existing hull. It is an elaborate process, requiring more skill than replacing planks I can assure you. Anyway, why own a wooden boat if you want fiberglass?