Try Bristol Finish
Rich,When the varnish broke down the combination of sun and rain turned the wood gray. Because the spring growth is particularly soft in teak, it wears faster. Using acid based cleaners makes the situation worse and causes the softer wood to wear and form groves. Moisture gets trapped and the wood turns black. 100-grit sandpaper will tear up teak. Start with 150 and sand off the old varnish. It’s worth the few extra minutes.The chemical in teak cleaners and bleaches is oxalic acid. You can pick it up in most hardware and paint stores for less than half the cost of cleaners. Use a medium toothbrush and selectively apply the solution where you need it. It works right away. Flush with water. If you used a lot of acid, add a little baking soda to the water and then flush with fresh water.The water will raise the grain. If you run your hand across the grain, you will feel grooves. Sand the teak again with 150 and then with 220.I like Bristol Finish. It is a two-part catalyzed urethane finish that is tough as nails, amber in color and clear as water. Buy it through the company web site for $25 less than WM sells it.It is $60 a quart, but expensive only if you don’t value your time. You will need 6 to 8 coats. If I just lost you, read a little further. You can apply all but the last coat in one day by applying successive coat as soon as you have a hard tack in about 90 minutes. If you run out of time, you can finish up the next day – up to 24 hours after the previous coat. Don’t worry about dust or runs. You will sand them out before the last coat. When ready for the topcoat, sand with 220 and carefully apply the finish. You can use foam brushes for all coats. Don’t over work the finish. Work to the wet edge and lightly back brush just once. The urethane will settle out nicely if you let it.Like most two-part products, the catalyst is nasty stuff. You should wear an organic filter ($35 at home depot) and latex gloves. Once cured the finish is inert.The finish will last five years and can then be lightly sanded and one or two new coats added. I used Bristol Finish on a mahogany skiff I built and it is beautiful. Holds up to sand and grit ground into it by heavy feet.You can't ask more than that.Will