Nope. Wrong. Cloudiness has no baring on acidity. A ph of 3.0 or lower & it's fine.
But the cloudiness can be a result of small particles suspended in the solution. These particles can then be deposited on the items we sanitize. And nothing is sanitized unless it is cleaned.
This being said, I realize that many people use cloudy sanitizer with no infections, but how many do get infections and contribute it to something else?
When it gets real cloudy, I definitely dump it. Call it cheap insurance, even if it's unlikely to change any outcomes.