CMT in Youngstown Ohio
I don't like silicone for this reason. And it is a pain to carve out if you get moisture or whatever behind it. However, you can get quality paintable caulk with SOME silicone in it. Best of both worlds. You get a nice caulk and elasticity from the silicone.
As for paint, I think you will want to use a floor paint. I have use Benjamin Moore's Porch, Floor and Patio paint the most. The oil-based is urethane reinforced and the waterbased is epoxy reinforced. The water based is a little less glossy and might be a better choice for a wet area. You will need a couple of coats but primers are usually not recommended for floors. You can get it in factory and custom mix colors.
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