I’ve use expanded pvc sheets in wet areas and they work good. Treat it just like plywood, but I have gotten mold on it. Not sure if the recycled plastic is the same type of product though.
Thermo-Lite board is the standard for the marine industry. Are you re-doing a floor, transom, stringer? It’s not necessarily cheap, but it won’t rot, has excellent thermal properties and you can choose what densities fit your needs.
Man I’ve considered this often. Either that or just straight up aluminum, if the day ever comes when I have to re-do floors. Although my first thought is Lund’s Lifetime Deck Guarantee as long as your the original owner… but I’m not confident they would ever make good on it.