I agree that it looks like Laurencia. Try looking up Laurencia decumbens. South Pacific Reef Plants by Littler and Littler states "Plants in small clumps, to 4 cm high, red to tan, branching mainly from basal areas. Branches cylindrical, arched, to 2mm diameter. Branchlets on outer side of arch, variable in lenght, to .5 mm diameter, 2-3 mm long; tips broadly rounded, tufted with obscure fine filaments extending just beyond the rim of terminal depression or pore. Holdfast disc-like or with creeping base.
Habitat: Often mixed turf communitie, attached to rock or carbonate rubble to 10m deep.
Distribution: Tropical pacific, Indian Ocean, Tropical Eastern Atlantic."
HTH,
Kevin