I think you either have a surface contamination issue...
Be my guess, in light of the comment:
...a small airpocket that wasnt there beforehand and upon sceatching with fingernail it got larger and larger. Not to the point of flaking...
The epoxy's tough enough to withstand the fingernail but the bond between it and what went down before is suspect.
...or your epoxy mix is off.
Still, if it's not sticky after 24 hours and can't be scraped away with a fingernail, and able to withstand being pulled away in sheets, I'm less cioncerned with proportioning.
I've used the CLC-supplied pumps for years now for 99.9% of my use of MAS LV product, have yet to experience a bad mix (fingers & toes crossed as I type that). But my pumps aren't your pumps or the OP's, so maybe... yet I go back to the phrase Not to the point of flaking.
If the instance the OP's posted about isn't their first:
This is an issue ive only experienced on dyed parts.
My focus would be on how stain is being mixed, applied, then what gets done to the stained parts before epoxy's laid on top.
Lastly, 200 grit I think is too fine for pre-finish work with epoxy. 100 to 120 grit ought to serve just fine at that stage, save the 150-180-220 for final sanding of epoxy / varnish / paint before last topcoat.
Finer than 150 grit, used on parts before epoxy application, may leave too little 'tooth'; there's such a thing "as too smooth."