I think it goes along the same lines for handling catch and release, recreational fishing. In order to keep a fish alive after you catch it(at least give it the best chance af suvival anyways) is to handle it as little as possible. Therefore when you are taking the hook out the general rule is to wet your hands thouroughly first, then grab the hook out and put it right back in, as quick as all possible. Ive seen various pictures on the net of cichlids being photogaphed in the persons hands, they usually have wet hands (from what i could tell) and i would assume they either bag it(for transport) or put it back.
To go more in depth I watched a editorial on re-establishing the black sturgeon in canadian waters. They had the sturgeons out of water for a long time and HAD to handle the fish with their hands. Some of these fish are monsters over 50 pounds.
So it really goes on how hardy your fish is. Do I want to try that with any of my fish regardless of how hardy they are? Heck no. I'll handle them as little as I possibly can. No matter what. But hey, I am no fish biologist.