Not sure if Paul still wants/needs a reply regarding the "paint" problem on the boat, but here it is...I am assuming the boat is fiberglass and the "milky color" on the red is actually oxidation built up on the gel. This has to be buffed out with an oxidation remover, preferably using a variable speed buffer. Once it is buffed out, apply a teflon based wax.
I have the EXACT same situation on my boat and it requires buffing once a year and cnstant waxing throughout the summer. The oxidation is caused by the sun exposure.