The idea of adding splash boards to reduce the amount of water coming over a transom is nothing new. The topic is discussed in prior threads:
Outrage 22 Transom and Splashwell Modification
http://continuouswave.com/ubb/Forum3/HTML/021302.htmlRaising Splashwell Dam
http://continuouswave.com/ubb/Forum3/HTML/016584.html22-REVENGE CUDDY: Water Over Transom
http://continuouswave.com/ubb/Forum1/HTML/010698.htmlBecause a splashwell board will be exposed to continual contact with water, the material for the board should be suitable for immersion in water. Wood coated with epoxy is a possible choice. Plastic sheet material is another choice.
The plastic sheet material sold under the brand name KING StarBoard is a plastic sheet material that could be used, but I don't think there is anything unique about it other than its premium price.
The most important element in fabricating and installing transom splash boards will be the method of attaching them when needed. There could be considerable force exerted on a transom splash board if a large wave were to come over the notched transom. The mounting of the transom splash board would need to be sufficiently strong to resist the bending moment created by the wave force. Also, unless the transom splash boards were to be a permanent modification, the boards will need to be removable when not needed. That requirement can also complicate the mounting method.
Regarding the material, it might be better to use a material that was buoyant in water in case the boards were dislodged from their mount and sweep into the sea. You could recover them if they float.