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Yea it's going to turn pink and oxidize in no time but im sure spending most of the days in the yard with a cover will helpFor a lake boat in red color, you're really better off with paint.
Gelcoat for exterior UV protection is best in black, white, or shades of gray.
Duratec does come in red, but it would be a bit tricky to get that color.
Dump guns are the lowest level of tech you can get. If you need to put a lot of gel coat down quickly they do work though.
A 2.5 mm tip is too small for doing a large job, you need at least a 3mm.