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I would not install Lino on chip board, either you could replace with new plywood, or install new 1/4 sanded plywood to put on top, that way your lino will last alot longer. I am sure Marmoleum would agree.
If all that is too much, you could check out some laminate, although I am a big fan of Lino, Laminate is relatively easy to install, and does not have a subfloor requirement. And if you washer floods, it will toast whatever floor there is anyway.
good luck and keep us informed!
Tracy in Dolores CO