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Yes, Ipe wood is a popular high-end choice for pool decking. It repels water and is naturally slip-resistant. It's not susceptible to mold, mildew, or rot, either, so it lasts longer and is cleaner and more hygienic than other popular decking materials. However, remember that due to its status, it is a very high-cost wood, and you might find that an alternative would serve you just as well for significantly less.

The cost to build a deck around a pool typically ranges from $3,000 to $12,000, depending on the size, material, and whether you tackle the build yourself. Most people pay an average of $5,000 for their pool deck project. Hiring a pro to build a pool will cost you more for labor, but it will be worth it to ensure a safe and secure installation.

Ultimately, overapplication of stain can compromise the deck's appearance, durability, and longevity. It may result in an uneven finish, with excess stain pooling, dripping, or drying into thick patches. It can also obscure the wood's natural grain and texture, detracting from the desired aesthetic. Moreover, excessive staining may not fully penetrate the wood, leading to poor adhesion and premature wear. Additionally, thick layers of stain are prone to peeling, cracking, and blistering as they struggle to bond with the surface. 

When sourced responsibly, the most sustainable wood decking options are timber trees like redwood, pine, Douglas fir, Nootka cypress, and Western red cedar. These tree species are fast-growing with low carbon emissions. Plus, most timber woods make durable deck materials because of their resistance to rot and decay over time.