Here is an idea ! Why even have a gunnel ? Just wrap several layers of cloth on the shearline ! No Gunnels to worry about ! No rot !
I remember seeing an old Racing hull, without gunnels ! The Shear strip was a wider strip, tapered to blend with the hull.
If the Shear strip was a hard wood ? Such as Ash ? No need for Screws, or gunnels ! It would be sealed by cloth and epoxy, part of the hull
I tried that one time too. It works fine on the water but got a little sketchy riding on the roof rack in a very strong side wind. You need thickness to gain real strength and stiffness. A 1/4" strip wrapped with fiberglass doesn't give you that. But I still think it's fine for certain applications like racing or other boats that won't see a hard/abused life.
I once bought an old canoe where the gunwales had been glued in place. They left it sit outside and they rotted off just the same. This was my first time working on canoes and I was a bit of a hack back then (before I'd built my house or any cabinets). I remember some pretty big chunks of fiberglass coming off with the gunwales. I'm sure I could have done a better job but at the time I was doing the best I could. I could replace 5 sets of screwed on gunwales.
I won't argue that gluing them on gives a better bond to the hull and keeps moisture out but I do think that if the canoe is left outside then they're still going to rot. And if you treat your canoe right and keep it inside then they won't rot, no matter which method you choose. So to me it's a moot point. Personally I'm sick and tired of gluing gunwales on and will screw them for a while until I get tired of that too.
I did a nice job rebuilding an OT Penobscot (including new gunwales) and decided to give it to friends for a wedding present. The previous owner had not taken care of his canoe and the gunwales rotted off. I was really glad OT had screwed them in place. Now for the last 4 years it's been sitting on the ground in my friends backyard and I'm really glad I screwed the new gunwales on too.
Alan