Written by Sean Mulligan M23 "Dauntless"
Epoxy resin is the best choice for maintenance and modifications of marine components as well as previously laid-up polyester resin (what your boat is likely made of). It is stronger and sticks better to cured polyester resin than trying to apply a polyester resin repair. I have used West System epoxy resins and their related products for years now. The product is outstanding as is the technical support. They publish multiple small booklets that guide the do-it-yourself boatwright though any number of situations.
The entire system is based around their 105 Resin. They make numerous hardeners that can be used with this base resin. Most of the hardeners differ in their respective curing speeds and assist with working with the epoxy in varying conditions and temperatures. With polyester resin you can vary the amount of hardener to get varying rates of cure, but epoxy resin is different. It is imperative that the ratio be exact for the resin / hardener mixture. Most of the West System hardeners are 5:1 while some special hardeners are 3:1. West System sells a set of cheap plastic pumps that fit right into the cans and give you exact pre-measured amounts of resin and hardener, removing the guesswork. As far as the hardener, you buy either Fast #205, Slow#206, or Extra Slow #209 hardener (there is also a special Clear Coat hardener #207).
Each hardener has a temperature range that it is designed to work in. Use the correct hardener for the conditions! Too cold and it will never set, too hot and it will set so fast you cannot do anything with it (to say nothing of the fact that it can generate so much heat it will start smoking!) I used fast hardener #205 on my rudder project for the fiberglass application since the temps were in the 50-60 degree range and it worked great. For clear coating the topsides of the rudder I used the 105 resin with 207 clear coat hardener prior to application of the varnish.
In addition to the basic 105 Resin and hardeners they have a line of fillers that can be added to the resin to change properties to suit your particular needs. Fillers are available from high strength that is tough as nails to easily sandable fairing fillers for finish work. Some fillers are just to make the epoxy resin thicker so you can get it to hold a shape or fill a gap. Other fillers are specialized for bonding hardware, laminating, fairing, etc. You can mix the fillers with the resin in varying amounts to form different consistencies that are described in the booklets in food terms we can all understand such as catsup, mayonnaise, and peanut butter. Each can of filler is provided with a graphic chart to show you what that particular filler's abilities and applications are.
The one area where I choose to stray from West System was the selection of fiberglass cloth and tape. West System suggests that you use their Episize brand cloth and tape. Since epoxy resin is typically thicker than its polyester cousin, it is slightly harder to get epoxy resin to wet-out regular fiberglass cloth completely as opposed to polyester resin. Episize brand fiberglass cloth accepts the epoxy resin more readily. If you are fiberglassing a structural component Episize brand would be best, but just to enhance the watertight integrity of the rudder blade or similar project, regular fiberglass cloth works fine. It just takes a little more work to wet-out. One of the biggest reasons I used the regular fiberglass is simply availability.