I'm not entirely sure how lifeboat does it, but you could use Invisible Bedrock, or you could create a block without adding the cooresponding tile correctly. The first one is easier.
It's got everything you need for that, take a look at the read.me and please let us know if you find any bugs.
There are no good up-to-date world editors I know of yet... WP also has unbreakable blocks. Borders are much easier though!
If this can help you... Use Genisys pm phar and world edit to place inv. Bedrock and turn PMMP phar... I already done it and work.