Well, I have no experience with breeding seahorses, but from what I have heard of others' experiences, larger artemia have next to no nutritional value. Their nutritional value can be greatly improved by gut loading them with selcon/Dan's feed/etc. I suspect the lack of nutrition in the larger artemia is why you are losing so many fry. If you have the time/space, it would be ideal to culture some copepods in lieu of the larger artemia, if not also the artemia naupli. Seahorse Source sells several species of copepods and has excellent information describing the use, size, life cycle, and culture of each species they sell; you should definitely check those out.
If you don't have space to culture copepods, you might try out greenwater tanks. If you don't already know, greenwater tanks can be used to raise fry; a sufficient level of phytoplankton is maintained in the water of the nursury tank to sustain the growth and reproduction of copepods/rotifers necessary to feed the fry. This is how Jim Welsh rears his pipefish, and I am sure it would be similarly effective with seahorse fry. It is a relatively tricky ecological balancing act, but it is a good option if you don't have the space to keep separate cultures of algae and copepods. I suggest you give Jim's breeding journals on MBI Site a look, if you haven't already.
Lastly, I have heard that probiotics are very useful in captive breeding efforts in general; you should consider that as well. I think Seahorse Source also offers probiotics, but if not them, I am sure other places offer them, too.