freshwater dips of 5-10 minutes will kill parasites. but i dont believe in them. This is because it stresses out a fish which makes them even more prone to disease. it is very likely that there is already some type of disease or parasite in your tank, and if you add a new fish to a new environment after it has been in a cool bag for 2 hours AND has jsut been in freshwater, it is goign to make it even more inviting to any disease. Plus not all parasites and diseases are external. there are many internal ones that would not be affected.
IMO, freshwater dips are in no way a substitute for QT.