Hi' if the wood is mahogany, varnish. If teak or iroko ( poor man's teak ) varnish does not take well. I used it on my Angler's Fancy while it was just a year old. Cleaned off all the Sadolin, used SX70, which was great on our mahogany window surrounds and just about indestructible, but no good on teak or iroko. If soft wood, paint or varnish, I'd say. Cheers TC
PS I sold the boat after 5 years, and gave the buyer a pack of special wood treatment that I had bought, but not used. Can't remember the name of the product, but Paddy Burke of Ballinrobe would probably know, he builds Angler's Fancy boats.
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