Platinum electrodes, for example, won't corrode in seawater, whetever the potential difference applied to them.
Don't expect the magnesium in the magnesium/steel system to last very long. Magnesium is often used as a sacrificial anode to protect steels (marine outboard engine propeller-shafts, for example) that are immersed in seawater.
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I could see the potential values in the galvanic corrosion chart. It is obvious that, the closer the values, the better the galvanic corrosion protection. The question is:
how big the potential difference is that could be critical or maximum in deciding material combination?