My suggestion is to steer clear of riveted boats pre 90's. My dad had a starcraft he scrapped cuz of leaky rivets... they wear out and become a hassle understandably and you gotta get used to having a little water under your floor and a GOOD bilge pump... or 2. haha
I think it's made to be applied from the inside. I don't think it would work well from the outside. The ghetto solution that worked for me was to slather some JB Weld around any questionable looking rivet. Doesn't look great but it sure does the job.
slather some JB Weld around any questionable looking rivet. Doesn't look great but it sure does the job.