I had thought about just oiling the floor rather than using polyurethane - but a friend who had done this project two years ago advised me to use polyurethane. He had oiled the floor but after two years of wear, had worn right through the teak and needs to replace the floor. Since I never want to do this job again, I've used polyurethane to add a layer of protection. Total Time for this project - about 16 man hours. After considering the process of removing the bulkheads I decided that covering the bulkheads would be the better option.
Installation is fairly simple.
I first used the router table to cut a 45 degree angle on all the outward facing edges. This is purely cosmetic. Each piece is then cut to length and the end is cut to fit the contour of the boat. I used a compass to trace the angles onto the wood. The curves were then cut with a scrolling jig saw.