I may have miss-understood. If you're not painting the inside of the tank almost anything will work so long as it seal the wood.
I would recommend staying away from oil finishes, exterior latex and exterior stains to avoid possible problems. Oil finishes since they may take along time to fully "cure." Exterior latex and exterior stain often contains chemical to stop mildew.
Other than that, almost anything will work where you're not soaking the wood.
Is this the water-based epoxy paint (sorry could not get to HD to check for myself)?? Water based epoxy is not generally recommended for water soak environments
If it is solvent based it will work.
The first coat should be cut 25% with toluene and used as a primer. Let the toluene flash off and apply the next coat full strength while the surface is still tacky (~4 hours, less if its hot).
This will let the epoxy soak into the plywood and insure a strong bond. It also strengthens the wood surface.
I recommend 3-4 full coats. Even if you sand the plywood, I would allow the 1st full coat to cure 48 hrs and then sand. The 48 hrs to insure the coating has cured and that it won’t clog the sand paper (as fast). The sanding is to take any raised wood fibers down. Drips and runs are a problem but can be minimized by letting the paint set for 10-15 mins before using. I could never eliminate them. Just try to address anywhere they may interfere with the sealing of the front glass or appearance. The 3rd and 4th coating I tend to apply when the bottom coating is just tacky (~4hrs again) to insure a good bond between the layers. Others have had good success with sanding between all layers.
Just for reference: The average cost WHOLESALE cost of a high-quality, 2-part epoxy paint is ~$42 for 2 gal kit. Lower priced kits are often not “100% solids” based.