Thanks for all the ideas,
What I decided to do, is scrape the areas that the bottom paint is flaking off, then use the peel away paint remover. I did the first step on Wednesday, and have a nice 2 gallon bag of paint chips! I ordered the peel away from an on line discount store, now I need to wait for the delivery and warmer weather to apply and peel the remainder. With my steel keel, there is a bit of annual maintenance, I have hammered and scraped the blisters, and filled with a waterproof "bondo" type filler, then I use Pettit 6980 Rust lock primer to cover the few bare spots that I wire brushed where rust appeared over the winter. I will also take the advise to put on only one coat of paint! Thanks for the replys.