The trick to all backing plates is to understand what they’re being asked to do.
Things in shear (sideways load) - mooring cleats, halyard stoppers, winches - need THICK backing plates well-agreed to the underside that provide a strong bearing surface for the sides on the bolts. Thin or no backing plates in this application - I’ve seen the bolts rip sideways through the ‘glass (elongated holes). And of course there’ll be a water leak.
Things in tensile (vertical load) - U-bolts, eye plates - need large-area backing plates that provide more area against the tendency to distort and even rip up through the ‘glass. I’ve seen that happen too.
Things in flex (load at some arm away from mounting flange) - helm pedestals, table pedestals, stanchions and railings - need stiff backing plates of large area securely bonded to the underside of the deck that reinforce the whole neighboring structure. In my not-inconsequential experience the number-one cause of rotten deck core is seat bases in motorboats and helm pedestals in sailboats. Imagine the load they take when some 220-lb guy lands a hip-shot against them 30” off the floor in a seaway. The backing plate must be broad enough and well-adhered to transmit as much of that load as possible over as wide an area as possible.
Stanchions on sailboats usually land two bolts through the aluminum toerail, or at least all of them through the flange. Quality boats (like mine) are made with actual ‘ears’ on the flange to accommodate them (I moved all of mine so I’m not using these any more). Failing that, an overly-long, wide-as-possible backing plate should be provided. Sheet fiberglass (like from McMaster.com) is best for all sorts of reasons. Plywood is just awful (will rot and crush). Coosa is not puncture-resistant enough (will crush; bolts will pull through).
My trick is to locate the hardware, drill a mounting hole or two as a tell-tale, and then affix the backing plate using a dam of 5200 around the whole perimeter and one sheetrock screw up into (and through) the deck. When the 5200 is cured, back out the screw, tape all relevant holes and gaps from the underside, and fill the void within the 5200 ‘dam’ from above with epoxy. This results in a very strong, rigid backing block that you can then drill through and (again, using 5200, the only thing for strength, water resistance, and pliability) crank those mounting bolts home.
Underestimating the relevant structural loads is all too common amongst even experienced sailors. Avoid anecdotal evidence and investigate the way well-seasoned boatbuilding pros (like me) do it. Then go to sea confident you’ve solved a problem that in well longer than your lifetime won’t recur.