I bought a 1969 Oldtown sailing canoe last year and need to do a bit of maintenance from some cracks and dings that may have happened on the roof rack. The canoe still is watertight but seeing some canvas threads through the paint makes me nervous. I have some Dolphin marine bonding compound but still need to buy paint. Should I use the compound before I paint or should the paint seal this up? What is the best paint? I think I just need the black for below the outer wood bumper (not the right word) since the red above waterline all looks good What do you recommend for refinishing the gunwales and bumper. I am an old Widjiwagan guide and want to make sure this canoe survives another 50 years. Thanks for your help!