Steve, Sorry to hear. I have some questions....
- How long have you had him and where did you get him?
- Has anything changed recently to bring this on?
- What was he kept around or introduced to at his previous owners place?
- What, if any, do you use for water additives?
Noticeable fluctuations in hardness can cause this reaction. What do you use for water treatments?
Sounds more like external parasite than internal. If you don't see a covering of fungus, especially using a light, I wouldn't go with fungus. If he's flashing in certain spots, I'd go with a parasite control myself and your best bet would be something like parasite guard or nitrofuracin green.
Both are Anti-Parasite, Anti-Fungal, Anti-Bacterial and Bacteriocidal. But the paraiste guard is morereadily available and will have the ability to get rid of interanl and external worms/ parasites as well as fungus while protecting him and the rest of the tanks inhabitants from secondary infections.
I would also throw some Kordon "Fish Protector" into the mix as it creates a tripple layer mucus coating use polymere colloids that will aid in medication adherance as well having Echinacea in it to boost their immune systems. Fish protector can be safely used every day fro a week or every other day for two weeks.