I recently did some insets with 4 coats of the stuff below, 6 in areas where water pools (hoping to raise them a bit to avoid pooling).
https://www.amazon.com/dp/B07PDHTMVX/ref=cm_sw_r_em_apa_i_xVq.Fb13P6Z35?psc=1
It hasn't been long enough to say how it lasts, but it is water proof and leak sealing, went on like a dream, has good traction, left the real teak looking like realistic vinyl teak, and cleans up easily with a hose with the usual sprayer set for a forceful spray.
I did it to reduce maintenance, improve traction, and prevent the need for more sanding which will eventually reduce the teak to veneer. I didn't have a leak or loose problem, so I can't comment about how well it works for water problems.
For aesthetic reasons I, personally, may not have used it on more than insets as there would be no black lines (unless, I guess, painted those either on top or 1st). But, it did cover over all of the old sealant, etc.
My only prep was a powerful, gas-powered commercial pressure washing (washer rented from home depot). I did not prime, and starting mid-morning after the dew burned off, I was able to get 4 costs in in one day. Put on in a Florida November, it was "seemingly dry" within about an hour. Basically, I pressure washed over the weekend, let it dry for days until I got the chance, then taped it off one day and did all 4 coats the next.
So far it has had furniture dragged across it, hooks and poles poked at it, things dropped on it, a hurricane, etc, with no signs of damage. But years of the sun will be the real test.
Acetone will eat into it slowly, dulling it after a while, and then, if allowed to sit, softening it as it sinks in. At least it did when it was fairly new (I tested, as acetone is a common solvent in my world). It cleans up with water initially, then acetone, then over about a week it gets hard to remove, even with acetone (but, I never tested it after long enough for acetone soaking in not to hurt it, if that ever happens).
It touches up really well and none of my tape pulled any up.
I don't have any good photos, but have attached a few that show it by chance. Please ignore all of the bird droppings...sorry about those!
It passes the 60 day test with "like new" performance.