That's a Delta Unifence. It's one of two basic fence styles commonly seen on professional grade table saws: the Beismeyer style, and the Unifence. And while either is certainly good, you can get into religious arguments over which is superior and why. I'm a Unifence fan, myself.

I never use the fence scale unless I've calibrated it myself, and even then it takes a while to come to trust it .... and even then I never use it on critical cuts. I recommend a good SS ruler to actually measure the distance from blade teeth to fence face for smaller settings, and tape measure for larger ones.

It will save you tons of sanding work later if you make darn sure all your strips are very consistent up front. To this end, I first rip one strip that measures out precisely as I want. Then I cut it into half a dozen ~9" long pieces, and set them aside as my "master strips". They are used to set the fence for all strips ripped from there on, for both width and thickness. Put a master strip between the blade and fence, and adjust the fence so that the strip passes easily between the blade and fence, yet just brushes the blade teeth. Take your time and get it right, it is time well spent. Keep the master strips in your tool box as sacred items; mine are several years old now, and have served for three boat projects so far.

Make all adjustments with the saw turned off.

Alway wait patiently for any and all machines to spin down to a full and complete stop before considering it turned off. Resist all temptations to hurry along....

While I normally do not care for gadjets, the plastic featherboard thingy in the photo is a winner. It is held in place by powerful magnets that are "turned on and off" by quarter-turns of the knobs. With each pass you make when ripping strips the board gets narrower, and the featherboard needs to be reset each time. This baby makes it easy. I would replace it instantly if anything happened to the one I have, it's that good.

Nobody asked, but I'd go a little over 3/16" and give yourself a little margin. I've settled on something in between 3/16" and 1/4", and still get exceedingly lightweight boats. If you're going for light weight, learn to be a miser with epoxy instead, that's where most the weight comes from.