RE: how do you apply
Yes. You can't epoxy over Monokote (you can, but it will just pull up the weak Monokote adhesive and have no strength). Remove a 2" wide section of the covering by carefully scribing it with a razor just enought to slice the Monokote and peel it away. Try not to score the wood. Then, when the epoxy is set, lightly sand it, wipe with acetone if you have some, and apply the trim tape when that has evaporated off.