Lizardfishman, hey man no problem, disscussion is one of the greatest ways of furthuring knowledge. On tag programs, usually the method of tagging is suited for the targeted species. Sensitive species are usually tagged in the least stressfull manner possible, like pole tags. As far as Arapaima endagerment, no one has done a definitive wild population assessment. The general consensus is they are being over fished in their natural habitat and need furthur restictions on game fishing. The dwindling sizes of wild caught specimens is a clear indication to support this theory. Unlike the asian arrowana the Arapaima have no farm raised facilities yet, which means they have more pressure from over-fishing than Asian Arrowanas. The ability to govern restrictions on any animal depends greatly on where they are found in the wild. Jewfish, as you stated are much more visible of a species and found in more accessable areas. This makes them easier to manage or control overfishing. The Arapaima are found in less developed nations and in their accessablity is very difficult, all of which make restirctions or protection more of a piece of paper vs. actual managment.
In my opinion farm raised Arapaima is the probably the best choice to help keep the species from extinction. Unlike the marget for farm raised Asian Arrowanas, which is the aquarium trade. The Arapaima would probably be raised as a food fish, since few people can house an adult Arapaima. At least this way the wild populations would recieve a break as the only source. It would also provide knowledge on the general husbandry and reproduction of this animal and provide brood stock to subsidize the wild populations that are under threat.
HTH