yes when any algae dies it releases all of its contents back into the water. What you will notice is a color change in the plant. It will go from green to a little more yellow. You can simply siphon it out using a gravel vac when you see it happening. As per the balance of the algae else where...I am not sure if bryopsis is more suceptable then other algae families but it would be something to keep an eye on for sure.
Mike
Mike