I can confirm:
3/4" Starboard is sufficiently strong to use as a replacement for the coaming boards. We just completed our third (I think) season with them. They look exactly the same as they did when I put them in, with zero maintenance. Not so much as one plug covering a fastener has popped out. That said, nothing in my installation relies on the Starboard for strength. All the screws go through the fiberglass behind the Starboard--as was the case for the original teak boards. (Woodscrews, not through-bolts). I also think there are a lot more than 9 screws holding each board on. If I recall correctly, there were 17? Is that possible? I know it felt like an eternity making the plugs and drilling and countersinking all the holes with the drill press. Yes, I believe I had to make 34 holes. Pilot hole, correct size hole, countersink hole with a Forstner bit, plus the plug (the making of which requires extra work with Starboard).
Gareth expects, and perhaps hopes for, people like me to spend eternity in flames for swapping out wood for Starboard. In my defense I can only say that I've had my boat since 1991 and had several opportunities to strip, sand, and revarnish the coaming boards...and the hatchboards, too. It was not a difficult decision to choose a low-maintenance material when it came time to replace them. The wood looked great, right after a varnish job, but it was all downhill from there. The Starboard looks OK, and never worse.
Rotted plywood in the undrained coaming boxes is a problem, no doubt about it. The coaming boxes are not only missing little drain holes, but they have an outboard cant to them so the water pools and CANNOT drain as modern coaming boxes do. You have to prevent water from getting in there in the first place. My fix involved (1) scraping out the old, bad plies and pouring in increasingly viscous tinted epoxy, and finally painting, and (2) fabricating Starboard coaming box covers that rest on top of the coaming boards and are held in place with bungee cord around the nearby sheet cleats. This has proven to be 100% dry, and also keeps out spiders and nesting birds. I think I used 1/2" Starboard; they were an easy afternoon project with a table saw and a drill press.