What Colin said re light is on target. What you do not want to run when medicating is carbon.
Otos are notorious for having sunken bellies which is often a dietary issue rather that a disease one. They are finicky eaters and often are not properly fed on their way to where we buy them. That said, if the fish does have wasting disease, I would not use Praziquantel as my first choice even though it is one of the meds. normally in my medicine box. I would treat using Flubendazole. Often wasting disease will reach a stage where a fish is not eating and:
The above was written by Dr. Charles Harrison. PhD. He wrote:
Eradicating Hydra and Other Pests with Flubendazole
From: Journal of the American Killifish Association September/October 2003
Vol.36, No. 5
I would recommend that you read it-->
http://www.inkmkr.com/Fish/FlubendazoleArticle.pdf
I keep two meds in my med, kit which I buy from Dr. Harrison's site, Flubendazole and Levamisole HCL. I do not have to medicate often, but I learned some time back trying to locate specific meds on short notice and getting them quickly could be a problem. So I have my medicine box with a number of meds for the most common things. They usually expire unused and I replace them. However, I was keeping 20 -28 tanks and breeding some rare and somewhat pricey plecos. So it made sense for me to be a good "boy scout" and be prepared.
Next, Praziquantel is most effective when fed. But It can be use both as a dip or bath treatment. But it it may not be the right med if the fish has wasting disease which are caused by internal parasites that are eliminated by Flubendazole. It should be used on its own and not in combination with other meds.
Finally, I normally do not proactively treat new fish in a Q tank unless I know for what I am treating.