"...Looks like Teak to me!...."
As all of our boats approach and pass the quarter century mark, this knowledge is getting to be like the most difficult questions in a sort of "nautical trivial pursuit" game...
We have used the TRAVACO Te-Ka Teak Cleaner Kit for our interior teak and also the exterial hand rails and trim.
It seems to remove
all the old oil and stain. We then lay on coats of gloss varnish. Why? 'Cause we like the look...
Be aware that the factory used a light stain (persistent rumor that it was a light cherry) to blend in all the different shades of teak they were installing. I do not mind having some of our boat's trim lighter in tone, but others may like the original look better. For that matter, some folks dislike varnish while we prefer it over oil.
Whatever.
If you are concerned about having repairs show up too much, it would seem prudent to at least use real teak ($$) over any of the near-look-alike species of wood, strictly IMHO.
As to your new table, remember that only the surface will be in plain view. The core can be other ply or balsa. The top may, for the sake of durability even be Formica. There will be silverware, plates, pans, and the occasional tool box to scar it up...
(The Norse gods of teak wood may smite me for this opinion, but if we ever rebuild our pretty all-teak table, it would be with a more practical plastic laminate surface and just keep the teak fiddles and other structure.)
Please post some construction pictures, if you can, too.
Best,
Loren
ps: Scroll down about half way in this interior project page and read Wally's discussion of trying to match the color of his interior teak woodwork and trim. Interesting.
http://www.wbryant.com/StellaBoat/Projects/galley/u_shape/usblues.htm