Protecting what...
As someone else pointed out, the circuit breakers in a distribution panel are intended to protect the boat, not the equipment. The breaker should be sized to protect the wire and all connectors from overheating and/or melting. Remember, you might have more than one piece of equipment (or light or whatever) attached to any particular circuit. If you need to protect a piece of equipment from too much current, it needs it's very own fuse (or breaker). For example, you might have all of your basic nav equipment (depth sounder, knotmeter, GPS) wired to one breaker labeled "nav equipment". The breaker and the associated wires should be rated for the total current on the circuit. The individual components need their own individual fuses to protect them from surges that would damage them. Some devices are a lot more sensitive than others, so they need different kinds of fuses. Generally, they should be rated at the drawing capacity of the component. That way the component won't get more current than it ever really needs. Components like light bulbs don't need a fuse -- if there's a surge, it's far cheaper to simply replace the bulb than it is to wire in fuses to all the lights and then change the fuse!!