If I am interested in high survival rates with fry, I always move the heavy female into a tank by herself that is thick with cover like a large clump of java moss. The java moss provides a good hiding place for the fry and the female won't be followed around by hungry mouths while delivering the fry. After the fry are born, you would either remove the mother or leave her alone depending on her temperament and her tendency to chase fry. I have seen aggressive fry eaters and very peaceful mothers in exactly the same species of fish. It is very much an individual personality thing in livebearers.
If you are concerned about early breeding, you will need to separate more than the large male. All of the young males will also be eager to breed. You really need a separate tank to hold all of the virgin females if you want them to grow big first.