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Thank you all for your responses - I appreciate it!

My plan:
1) Remove original rub rail by drilling out old rivets.
2) Fill old rivet holes with West Systems Six-10 (easy form factor for application via use of caulk gun) and tape over with painters tape until fully cured
3) Install new rub rail track with heat gun, clamps, stainless screws, and 3M 4200 to be sure screw holes are sealed.
4) Replace bow light wiring during the process.
5) Install insert with rubber mallet and then affix ends of insert.

I plan to take lots of nice pictures and will create project page to document for others to have as a reference.

donp - I purchased it off eBay for $199 + $29 shipping: http://www.ebay.com/itm/131248516942?...1497.l2649

Garris - Thank you for the offer but I already have an insert included with the rub rail I purchased.
Best,

Bill