Thank you so much for the input. I have a ton of work to get done for the spring on this boat as I am sure you can see from the original image,It is not paint. It is a gelcoat strip sprayed into the mold at the time the boat hull was built. To remove it you would need to sand it. Then you would need to barrier coat the hull and paint the hull. It is the same material as the white gelcoat.
On the other hand, if it is just oxidized and you want to make it pretty, you could wet sand and polish the stripe smooth like you would polish a car paint job. That often brings the gelcoat shine back.
I am considering wrapping the boat with a 3m vinyl, I have experience applying it and it could be done fairly inexpensively for a good quality finish!
A little update on my progress:
I am planning on having some of the last remaining teardown work done by the yard the boat is at as I seem to get sick every time I go below (due to mold) even with a respirator. The boat still needs the cabin sole, head, holding tank, false bilge floor, galley icebox and silly wall carpets torn out before I can go forward with getting it professionally remediated. I have never seen so much black mold in my life!
I will keep you all updated with new pictures once I get the boat all cleaned up!
Then I can begin to build my new cabin layout which is exciting as well...