Don't use a router, it'll get away from you and carve out places you don't want carved out. The Fein has a U shaped blade which works great. I also second the TDS caulk. I've used it for years without a bond breaker with no problem.
I have a large Word document where I've captured lots of posts about how to repair teak decks and bungs. If anyone is interested just send me a PM with your e-mail.
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