The more I look into this, it seems like yeah, most trochus spawn. There is that one video I linked where it looks like it's laying eggs, but who knows. It sure looks like the snail is popping the eggs out in the video, but it could be a bad angle. It'd be cool if it's just a weird species of trochus that both the video poster and I have which lay eggs, but I'm not hopeful.
Nothing else I have seems to match, though. Nassarius, collinista, ceriths and those other little ones don't do this. They have their own egg bundle shapes. Urchins, clams and stomatella broadcast spawn. I briefly thought it could be damsel eggs from the egg size and color, but damsels lay them flat on a surface and not in jelly. Plus my springeri damsel hasn't been anywhere near the area.
If it's a broadcast spawned invertebrate, I'd expect them to fertilize in the water, develop into veliger larvae, and then settle as a whole animal, not collect in a place that's getting flow, in a jelly ball.
Maybe it's a nudibranch. Maybe it's annelid worms. I'm stumped tbh