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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.

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. 

Rot loves moisture, so deck rot typically impacts the parts of a board that stay wet. This includes the underside of boards, in addition to support posts and joists. However, any part of a board can rot, given the right conditions. 

With proper installation and maintenance, a vinyl deck can last up to 30 years. Factors like regular cleaning, minimal wear and tear, proper installation, and the use of higher-grade materials can extend its durability. However, extreme weather conditions or neglecting maintenance might shorten its lifespan. Adhering to manufacturer recommendations for care and occasional inspections can significantly prolong a vinyl deck's longevity.