Yes, the clouding is almost certainly due to the formation of very finely disseminated Co(OH)2 precipitate, possible as a colloidal solution which would explain the thickening. As I explained before (although everyone seemed to disagree) almost anything you use to increase the pH of the solution will decrease the solubility of the cobalt, causing the formation of hydroxides and/or oxides. There may be some complexing ligands that are stable at neutral pH's but these will probably be expensive.
How does the solution have to be delivered? Is it possible to deliver it as a colliod? If the low pH is a big problem maybe another solution (pardon the pun) to the problem needs to be found. With a quick browse over the internet I found that cobalt bases chemicals are often used in the printing industry, maybe one of these will be appropriate for what you are attempting to do