I went through this last summer at 170 for a sheet of 1/2 marine grade. I worried and researched and looked into composites and really worked myself up about it. In the end, I wrote the check and I wish I would have just done that to begin with. That stuff is sexy! If it's a boat your keeping, just get the good stuff and gripe about availability and cost from the captain's seat. I invested a lot of time I could have invested working on the boat. You've probably got bigger things to worry about.
That said, if it was a boat I didn't have heirloom kind of feelings for, BCX and Old Timer's Formula application method (boiled linseed oil, spar oil based urethane varnish, mineral spirits applied quite liberally) would be plenty good. The wood you selected is Exposure 1, waterproof bond, but not something to leave out unfinished. Well... marine ply as far as I know doesn't really want to be out uncovered either. I ended up putting over half a gallon of OTF over marine ply, and don't feel like I need to worry about it for a long time. Keeping it dry will make any wood last much longer.
Once you get past the wood choice, now you can agonize over the wood finish! (ie, epoxy or OTF).
Oh, and here's one thought I never finished when I was going through BCX, Marine grade, Composite, Epoxy, Spar mixture... modify some aluminum car ramps from Harbor Freight. I really know how spend time in the rabbit hole. That's why I say just get the marine grade and move on. You may not have this problem, but if I don't reel mine in, nothing ever gets finished! lol.
Good luck!