IMO, if the seahorse did any thrashing, it has parasites of at least one type even though I can't tell you what they are.
Cilates can be a problem with seahorses and lead to non eating, but many other things can too.
I seldom know what is negatively affecting my seahorses at any given time other than when there is bacterial damage visible.
Did you leave the seahorse in for the full 12 minutes? Even so, FWDs don't usually have success on endoparasites.
If you had checked the water with magnification, sometimes just a magnifying glass is sufficient, you would likely see the exploded parasite remnants.
In lieu of evidence leading to definitive diagnoses I end up guessing what treatments to use, and treatment method depends on a hobbyists previous experience, or what they have read on the matter.
First thing I would do is be prepared for tube feeding and get a syringe and cannula so that you can make a food mush that will go through the cannula and be deposited PAST THE GILLS of the seahorse, if the seahorse continues not eating. Waiting MORE than 4 days may be too long to get the seahorse to start eating again even if the original problem has been remedied.
My biggest problem is that I don't know which meds are safe to treat at the same time, as time is often the leading reason for success/failure I believe.
I would love to treat with Diamox for the internal organ problems, along with an antibacterial treatment, and an added parasitic medicine.
I have used Diamox with Furan II together the last time I treated, but it was after treating with metronidazole which was my first guess for treatment of internal parasites, and I ended up loosing the seahorse anyway. Maybe if I had use a combination to start, I might have been successful.
When I had done the freshwater dip, there was no thrashing at all, and there were no visible signs of a problem, so I went with treatment for internal parasites first.
Unless you can see a wound/damage on the seahorse, I wouldn't start with the melafix. The prazipro will handle many kinds of parasites, but maybe start with your paraguard first as it is supposed to be for treatment of parasites and bacterial problems so it would at least cover some of two possible problems. If you could determine whether or not it could be used along with Diamox, then I would do the two treatments together.
It has always been my choice to treat in a 10g hospital tank and reduce the temperature to 68°F.