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Use of Epoxy
This is not a good idea. Even varnished wood rails swell and contract and will quickly create a hairline crack where the epoxy meets the rail. That kind of hairline crack can rot out even rot resistant woods like Teak. MarineTex is particularly poorly suited for this application. I would suggest that you stick with a high quality flexible caulk. Some are paintable and will result in the same look.
Jeff
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