There’s this: http://avmajournals.avma.org/doi/abs/10.2460/ajvr.2002.63.349
Ratios of trimethoprim and sulfamethoxazole optimum for antibacterial activity are maintained for only a short duration in horses, donkeys, and mules.
http://www.sciencedirect.com/science/article/pii/003452889390054J
A point for once-daily oral dosing, though a small number of horses in the study:
It is concluded that SMM-TMP administered orally once a day at 20 mg and 4 mg kg[SUP]−1[/SUP] bodyweight, respectively, maintains therapeutic concentrations, whereas twice daily intramuscular administration would be more effective for treating systemic infections in the horse than the once a day regimen usually adopted in veterinary practice.
Haggett, E. F. and Wilson, W. D. (2008), Overview of the use of antimicrobials for the treatment of bacterial infections in horses. Equine Veterinary Education, 20: 433–448.
The ratio of TMP to sulphonamides is
important and was originally matched at a 1:5 ratio for
administration to man. In horses, the more rapid elimination
of TMP relative to sulphonamides leads to suboptimal drug
ratios at the site of action (van Duijkeren et al. 1994) and
makes twice daily administration necessary.
This last citation is along the lines of what I was taught was the issue.