You hadn’t mentioned corrosion in your OP, although I kinda guessed that might be part of your thinking. But, how is it that the rest of the mild steel cofferdam panels are subjected to a lesser corrosive environment than the pad eyes? All of that kind of equipment is abused and reused, and should be inspected regularly for wear and tear. Furthermore, depending upon where you are working OSHA and/or ASME Below the Hook codes and regs. may come into play in your operations.
Which of the pad eyes MikeH showed where you thinking of? What are the loads, lifting means and angles, etc. I’m sure you could get plate pad eyes fabed from stainless steel, but I still wonder to what real advantage, when the rest of the structure is mild steel. It is also possible that you could just design lifting eyes or holes right into the cofferdam panels. Depending upon the panel designs, you might just weld a reinforcing plates to the panels at the lifting points; welded all around and bored to fit your lifting device.