First of all... You said "hooks" in the bottom. Befor you do anything research your boat. Some are built with a hook. Most out board hulls have a bit of hook to help . Dont know about squirt boats... As for what to use, a good urathane enamel will hold up if care is used. Regelling is to best but way more work then your ready for. Good luck and if you have questions please call.
Mike