I had a horrible experience with underwater epoxy, both the Aqua-mend and the brand that Dr. Foster's carries. It made my skimmer overflow as soon as you turned it on (I have a Euro-Reef Skimmer ES5-2 with the Sedrapump). After a week it was still doing it. I took the epoxy out and in a few days everything was back to normal.
I have seen old rock from other tanks that had some on it. When I broke it, it still smelled like the epoxy. Not saying that it hurts the fish or corals, but it can't be good for it.
I just use super glue gel.