Gelcoat was the original plan, however I realized after some research that rolled gelcoat is not the smoothest finish and I wanted the whole nonskid with a glossy smooth border look, so I decided to go paint. However, I had already bought 2 gallons of gelcoat and didn't want to waste it all, so I ended up gelcoating the entire engine compartment and inside the seatboxes, basically anywhere that I didn't care so much about the appearance.
That way, I only had to buy a quart of primer and 2 quarts of interlux brightsides paint so it saves some money on the paint.
So far, I'm happy with the decision, but we'll see how it turns out!