OK guys, thanks for the input, and warnings.
If they (the porthole frames) end up being teak, I will resaw the wood I have and make the whole thing laminated with west system epoxy. On the back side I may add a couple of layers of glass. This should solve most of the concerns y'all expressed about different materials all moving in different directions.
I couldn't conceived of a worse way to do them then Pearson did. As Blueknarr pointed out: "left the factory with leaky ports", with their insane squeeze technique.
They squeezed Plexiglas between two machined aluminum frames. The idea of using epoxy-teak came from the fact that I have over a hundred board feet of teak, and I wanted to make the connection to the cabin a separate one from the connection to the Plexiglas. So the frame could be attached to the cabin with 4200/5200, and the Plexiglas could be attached to the frame with silicone, or what ever is being recommended.
So, it wasn't complete insanity that started this inquiry.