My wife refinished rub rails on our small 18 foot trimaran one year just a week before the Texas 200 event- 5 days on the Texas coast. By the time we got to the finish, the stuff was already peeling. It didn't last two weeks.
We got told we didn't prep right- this after we ran a furniture repair and refinishing shop for 16 years ( 25 for me). We KNOW how to prep for finish.
Far as I'm concerned, it sucks