Mix a half of it at a time, and put more coats of it on the bottom. Interlux says to shoot for a 10 mil thickness, which turns out to be 4 or 5 coats of the stuff. You're only going to get about 2 mils out of one coat.
Outside of that, you can use it in the bilges no problem. It's essentially just epoxy primer.
The biggest reasons for gray and white is recoating, as it's easier to recoat another color alternating.
Another thing. It's just me I suppose, but I paint most all my bilges white unless I'm just touching up a customers boat that already has gray. I'm actually kinda curious why gray seems to be the customary color. And for some reason, Interlux's bilge coat, and barrier coat are two different grays.
And on a salt boat, the finish color should be insignificant. If you wear away the bottom paint enough to see barrier coat, it's way too late.