I'm a little late to this thread - however...
I would recommend glassing the bottom and topsides. I did mine, and there is no noticeable epoxy/glass overlap seam. The trick is in how you go about it.
First - the materials. Use 4oz glass cloth and use MAS low viscosity resin. This epoxy is very thin - like warm maple syrup thin.. not quite water thin though.

This may help - the 4oz cloth is very thin.. it wets out perfectly clear (i.e. You can not see the weave). You can barely see the edge of the weave in this picture - but nothing from the top.
Just fyi: This is two layers of Okume, one layer of Mahogany, Stain, 1 layer of 4oz cloth with 3 layers of epoxy and a few layers of varnish. Take a look at the canoe/kayak sites and they all use MAS Epoxy - the thin stuff is the only epoxy I'll use on wood finished bright.
I used the chine as the joint line between the bottom and the topsides. In the bow area where the sides and the bottom meet, slice a nice clean seam - w/o overlap, it is better to leave a gap if you must. You can fill the gap with epoxy on the filler coats. That way there will be no line.
I like the protection the glass provides. I did not glass the deck of interior components.
Hope this helps