Rather than put toxic waste on the trailer deck that is extremely slippery when wet, stinks to high heaven, and ruins rubber tires and shoe soles and ultimately the wood itself, I used a high quality house deck stain.
I know, imagine that, a DECK stain for a wood trailer DECK, who woulda thunk.

It would have been $30 a gallon but I bought a color mistake at Lowe's for $3.99 a gallon. Olympic Maximum Deck Stain guaranteed to protect completely for a minimum of 5 years. One $4 can put 2 nice coats on a 20' flat deck trailer. Looks exactly the same after a year and will likely be good for 5 as guaranteed. Bought 2 gallons so I'll throw a coat on after 5years and another 5 years down the line. Actually even at the retail price, still the best most cost effective treatment available.