I wouldn’t recommend so.
Instead, feed the babies lighter frozen/live foods in place of the bloodworms. Bloodworms should make up a tiny part of a fish’s diet if they’re to be included in the diet at all.
Basic husbandry will work to prevent fungus.
Cories can’t actually digest algae; they’re carnivores. Only when they’re absolutely starving and/or opportunistic would they pursue it as food.
... also, here is a trick you could try: use collected rainwater to top-up the water column during
water changes. It can encourage breeding in fish as it replicates conditions typical of the wet season. Only do this if you’re sure your roof doesn’t include a layer of asphalt, however.