Just to bump this thread back up .....
Back in the day, many wholesalers and even Public Aquarium QT systems utilized copper + formalin (in conjunction). That combo was considered pretty all-encompassing for treating external parasites & worms. Or at least to keep pathogen populations in check before moving the fish on to a LFS.
Personally, I've never liked formalin for two reasons:
- I've witnessed too many fish have a negative reaction to it. And IME, it's not a species thing but more of an individual thing. So, it's hard to predict which fish you can safely use formalin on.
- Formalin contains formaldehyde, a known carcinogen.
We can argue all day long that exposure to formalin causes blindness, cancer or decreased life expectancy in fish. But to my knowledge, no proper studies have ever been done on the subject... only anecdotal evidence exists. Someone would need to do a controller study to begin to unravel this mystery.