Actually John F, I did try piperazine soaked food thinking this was more than just a nutritional deficiency. I had no luck - same end result. The LFS I bought it from kept one in their large reef as well with the same results. I know in "my study" my n=2 but if you look in just about any guide to aquarium fish they all state this fish has a poor survival record in captivity. This particular species is endemic to Hawaii so I don't think cyanide or poor collection/handling techniques is a factor. So "could" I have saved this fish? Yes - by believing the research I had done and not buying it in the first place. I encourage others to do the same.
A few quotes from the experts:
Bob Fenner wetwebmedia.com: "Though Stethojulis are planktivorous and don’t get too large (most are about six inches long maximum) they do have one shortcoming: they rarely live for any time in captivity.", Scott Michael, Marine Fishes: "Difficult to feed. Even when eating it tends to pine away.... This beautiful wrasse does not fare well in captivity", Rudie H Kuiter, Fairy & Rainbow Wrasses and their relatives: "They are very active and require lots of space, and suitable food has to be available at all times during the day. Most species lose condition very quickly if this cannont be provided."
Lastly, try to find one of these beauties in a public aquarium. I have visited quite a few including Waikiki and Monaco and have never seen one displayed. My 2 cents
sedgro