I think your first instinct was correct, that boat is redder than any samples of (yes, even wet!) mahogany that I've seen. I know that fine cabinet makers & the guys who do the custom yacht cabinetry have a whole rack full of different tints, mixers, shaders, bleach and such - because the woodwork on a 50-million dollar tugboat needs to match, and wood doesn't. Match, that is.
http://list25.com/25-most-expensive-yachts-ever-built/
Why yours turned pink, I can't tell you without dicking with it myself. But if you wanna jump down that rabbit-hole, first you need a bunch of little bottles, 1 oz is fine, and a few eyedroppers. My instinct would be try maybe 1 part blue to 10 parts of your pinko red. And if shading it just a bit towards purple seems like a step in the right direction - DON'T put another drop of blue in there, just label it and start another bottle with 2 parts blue to 10 parts red. The only way to know you're going too far is to... go too far. And if you put yourself in the position of trying to pour lots more red in there to "fix" it, god save the queen. You NEVER want to mix a big batch until your recipe is DONE and you know what it's for. When you start "fixing" stuff you usually end up with four big jugs of grayish muddy brown - and no dye left.
Black will darken red but it's incredibly strong. Just a guess, but I'd say if you mix 1 part black to 10 parts red it'll come out a very dark muddy brown. 30 to 1 is more like it. You're dealing with both hue and intensity, here, so:
On your computer, go to start -> control panel -> display -> desktop -> color (down in the bottom right corner). When you hit color a little screen of the primary colors drop down, So hit "other" and a neat little sort of "color wheel" pops up; if you play with that a bit, the whole "intensity" stuff starts to make sense.
I would never use marine varnish or marine epoxy on a guitar, they're designed to be slightly rubbery and flexible in order to avoid cracking. They trade away a good bit of hardness to get the never-really-dry flexibility. Jaco Pastorius was wrong. Use guitar finishes on guitars, they already have that stuff figured out. Unless you maybe want that nubbly black spray-on truck-liner finish on your guitar....