Based on your summary the doctors are currently doing all of the logical tests to determine the cause of your husbands heavy bleeding episode.
Most experienced doctors will recommend against having a colonoscopy done, unless it is warranted because of the chance of post procedure bleeding. In your husbands case it sounds as if their recommendation was sound based on the symptons presented too them.
If the doctor did nic a section of bowel by mistake, it can bleed heavily. Any damage caused during the procedure is generally considered to be a normal risk associated with the procedure, rather than malpractice.
If he is givven the option of swallowing the camera pill, take it as it is excellent diagnostic aid.
Mike