I think you're on the right track--but be very careful of whatever you mix with epoxy. When epoxy "cures" it creates molecular bonds between the resin and hardener. It is a fundamentally different process than catalyzed reactions in polyester products (where the catalyst creates heat which cures the material) Epoxy is a numerically exact match-up of molecules--this is why you cant add more hardener and get it to go off faster. more or less hardener just reduces the mechanical properties of the mix. It leaves un-bonded portions within the cured matrix. ANYTHING else added in as a solid can potentially disrupt this match as well. I believe Gougeon Bros. (WEST) offers coloring pigment compatible with epoxies.
Patrick's reference is more than likely the same material.
That said, since we originally were talking only of sealing applications, not structure, alot of materials will work.
Tony lives in an area where lots of big race boats operate. Many of them, ones that travel on the roads to racing events with there keels removed, use "double mix" epoxy as a bonding material for the hull to keel joint. epoxy mixed with double the regular amount of hardener makes a permanently soft adhesive mix that is reasonably waterproof and also removeable. Unlike urethane or silicone based "tub caulk" type materials. THis is the match-up of mix parts intentionally gone bad--with leftover, un-linked material left in the mix.
FWIW