Here comes the can of worms---
Oil based paints have been "thickened" due to Voc regs
Personally I thin common paints 20+ percent more if spraying. Generally I will use a fast evaporation thinner i.e. Toluol
To answer your question, if it's too thin it runs AND it doesn't cover.
You are modifying the ratio and trail and error are your only options. That said, have a piece of material to test your roller or brush on first, keep thinning till you reach your desired result. The beauty of it is you'll have perfected the thinking and technique at the same time.
For what it's worth, marine paints don't seem to be subject to the same Vic requirements as general consumer paints. It's a volume sales thing. ( in NY anyway)
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