Very interesting read. Wouldn't the wax fill in where the molecules have decayed, Creating a smooth shiny surface, until the wax wears off of course.
If you are talking about particle radiation, the boat would have to be extremely old to even be noticeably effected. Hold out your finger, millions of particles of radiation will pass through it, hurts don't it

Buy a piece of a radioactive moderator, set it on the side of a brand new boat, it will never even effect it.
To answer your question, I have had pretty good luck with turtle wax (the good stuff in the green tub) as long as the surface is really well prepped. I have also heard of really good results with a product called "pollyglow" which we will be using on our boat once it's time.