Next time, run an airstone right by the eggs, getting a good bubble flow right over the eggs if possible. It will give the eggs a much better chance of survival, as it will mimic the flow of water that the parents generate around the eggs whilst they incubate. It will also reduce the changes of fungal infection taking hold.
Of course, it is also possible that one of the pair is not fertile. THis is espec true of reds I gather.
I don't think letting the eggs dry out for a short while is critical. There was a thread, either here or elsewhere, that I read recently where the chap accidentally drained the water level below the level of some cichlid eggs for a 2 or 3 hours. Once rescued and back under water, those eggs still hatched fine a couple of days later. I forget which species, but I'm pretty sure they were SA/CA cichlid.