Not sure what happened in your case, but sealing a wet wood with epoxy is not so good.
But 2 things I have found to be true.
wood not exposed to air (under water 100% of the time I mean "100%") and wood not exposed to water (dried and sealed wood) do not seam to rot.
example 1 the trees brought up from the swamps or from the bottom of lakes, make some really nice lumber.
example 2 the old barn wood and some old house timbers from the 1600's still look great.
both could be eaten by insects and bugs, but should not show rot.
For good rot you need moisture and O2 (air) so 100% sealed should = no rot, but 99.9% sealed can lead to rot.
Everything has mass transport, O2 movement, epoxy is pretty slow on this issue, so it makes a good reduction in air and water moving in or out of the part, varnish is less, but still ok at reducing the movement.
So a good varnish = ok
a well oiled part = ok
an epoxied and painted part = ok
But all should be dried under 15% and ideally be under 8% moisture.
Hope this helps
Norm
Oh SS does not rot. Just in case you wanted to know