I doubt it will help much. The jury is still out on how bubble algae spreads, but I believe the spores are released when it's popped, and I'd be willing to bet, the spores of bubble algae are in the water ciolumn not nearly as much as say GHA or diatoms, which seem to spread all over the tank. As where bubble seems to slowly spread in the immediate area.
I've had the luck of never having to deal with bubble algae. The only place I did have some was on my old 29gal, on the inside part of an overflow box, right around the u-tube. That would get me thinking that they'd like strong laminar flow. If you haven't tried it, try rearranging the flow in your tank. If you have to move corals, them too. But try to create a completely different circulation pattern.
Just an idea/theory I have. I had the small 'cluster' type of bubble algae (opposed to the common 'smooth' or 'rough' varieties).