Pete may well be correct that it is water causing the cloudiness. You should also be looking for acidity in the oil, as that may establish if the iron source is from corrosion or from wear. R-11 and moisture will react chemically at elevated temperatures to generate hydrochloric acid and R-21. R-123 will react with moisture to form hydrochloric acid and R-133a. R-134a is very stable in the presence of moisture, but the POE lubricant used in the system can react with moisture to generate weaker carboxylic acids. Refrigerant analysis can show the level of R-21 or R-133a to help establish the root cause of the problem.
You did not provide much information as to the type of refrigerant and oil in this system, so it is difficult to give you any guidance on what levels of moisture and acidity are acceptable.