Re: 3M 4200 substitute for "above waterline" ?
The other brand of marine sealants is Boat Life. Check for Boat life Boat Seal for above the water line sealing. I have used it on cleats, and a couple of years later, when I wanted to change the cleat, it did come off without ruining the gel coat. Some stayed behind, but it was easy to scrape off with a razor blade. Its clear, a polysolfide and industrial silicone combo specifically for marine use. It stays soft, but doesn't come off easy. I also used it to seal the motor bolts on the outboard in 2003. Still sealing good.