the thread stuff is actually its byssal threads. they use this to hold on to the rock structures, you are 100% correct in placing the tank in the rocks. Croceas and maximas are both rock dwelling clams, hence their higher light requirements. if they shed their byssal glands, they may not be too happy with that location, try moving the
power head away, or maybe position the clam another way. These types of clams DO NOT bury their "feet" rather, they shoot out the byssal threads to grab a foothold.
I have a crocea that from time to time sheds it byssal gland, likewise, i have a maxima that took it 3 months to find a spot that he liked, and now he ain't moving nowheres...
try making a wedge for it by using two pieces of Live rock. That seems to work best for me.
Great job in bringing that clam back! Hope he fully recovers!