I do think I know what your talking about, and having been around wooden boat builders I know that your going to have better luck with one or some of the Sikaflex products. Old pine tar fillers dont' last in the sun and heat. To thicken the mixture, silica would work. it's not too different then the filler used to fill canvas.. just sticky and icky and it never quite cures.
if you click on the blue words they will lead you to jamestown distributors. they are great supply for boat builders!
Pine Tar
Old Down East Deck Coating Formula
Wood has a natural beauty that many people wish to not only protect but enhance with either Oils or Varnishes. A good varnish applied to your boat will provide a barrier to protect against the elements that will attack the wood during the season--sea, rain, wind and sun.
Varnish
Varnishes have always been considered a mysterious blend of black art and science. They are generally made up of oil, solvents and thinners, resins, dryers, and additives. By varying these components, and by adding UV inhibitors and other secret ingredients each particular varnish will have different characteristics. Varnish can have gloss or matte appearance, can be extremely hard and durable, and can vary in color.
Oils
Wood or Teak Oils generally penetrate more deeply into the wood fibers and maintain the original look of the wood more so than other finishes that are a mere surface coating. Oils will range in color from clear to dark brown. As with any wood finish, multiple coats will result in a more uniform finish and greater longevity. Oil is probably the easiest to apply--but still requires an amount of preparation for good results and it has the shortest lifespan of the group. Clean, sanded teak with several coats of oil can provide 3-6 months of protection.