Tim,
My view is that under those conditions the fish are probably not hunting visually. As you mention, when the water contains a lot of suspended particles the light can't penetrate very deep at all. Having dived such conditions, I can assure you that a strobe doesn't help either - it's like driving your car in fog! Walleye probably have a bit of an advantage in that they have an acute ability to distinguish silhouettes and shapes in the murk, probably more so than most other fish species. Apart from lots of rod cells and fairly large eyes, they also have a reflective layer that helps intensify the light gathering in their retina. Even so, I don't think that's your answer.
For most humans eyesight is the primary sense and everything else comes second, or worse. When we close our eyes we hear better and we smell more too. Our ears and nose haven't changed, but our brains start to focus on our other senses to fill the gap left by lack of visual input. And it's natural that we assume other animals are the same - primarily visual predators - but they're not. Deer and many other game will rely more on smells and sounds to detect danger, bats use sound to track prey, many animals track using scents and so on. You'll come up with a million examples if you stop to think about it.
Many species of fish have evolved in an environment where they have to survive regular periods of low visibility resulting from floods, algal blooms and so on. So they're not as dependent on eyesight as humans and tend to use those other senses more than we might expect.
Those include:
Sound. Human ears don't hear sound well in water, so we often assume there isn't much sound. But fish ears work differently and they are far more sensitive to underwater sound than us. Fish can detect the direction that sound comes from underwater (humans can above water, but not below) and they use it for navigation, mating and finding prey.
Vibration. Closely related to sound but detected more through the lateral line. Again, fish are super sensitive to tiny vibrations. It's how whole schools of fish move and turn in unison. Each individual fish detects the movement of other fish around it via the lateral line. Years ago I used to fish raging floodwaters at night for brown trout. I used to marvel that fish consistently nailed a fast moving 2 inch streamer fly on the darkest in nights in fast flowing, turbulent, highly muddy water. I could only put it down to their remarkable ability to sense vibration.
Smell. The sense of smell in fish is acute. Consider salmon, for instance, that are believed to be able to find their birth stream during spawning runs from the smell of the water. So imagine how intensely they can smell a food item that's in close proximity.
Taste. Here's a cool bit of trivia: humans have taste buds on our tongues, so in order to taste stuff we have to put it in our mouths. Fish have few, if any, taste buds on their tongues or in their mouths. But they do have masses of them on their skin, especially around their faces, fins and lateral line. And on the barbels of those species that have them. So fish can taste a food item by touching it with various parts of their bodies. Some believe they don't even have to make contact to taste stuff, that the chemicals that cause taste are released into the water around a food item and fish can follow a taste and scent gradient to their prey.
Here's a couple of other snippets of fishy trivia that might help explain this "magic"!
When an object moves through the water, whether it's a craw, baitfish, predator or lure, it leaves behind vortices. Vortices are minute, swirling currents like an invisible trail or jetstream behind the object. Fish are able to detect these with their lateral line and follow them to their source, effectively tracking prey even in zero visibility conditions.
Freshwater fish are hypertonic to their environment, meaning their bodies have a higher salt concentration than the surrounding water. This results in water continually entering the body, mostly through the gills. To regulate this and prevent cell damage, freshwater fish (and crustaceans) are almost continually passing dilute urine. So if you're a predatory fish with an acute sense of smell your food is leaving behind a continuous scent trail for you to home in on!
Who'd want to be a baitfish?
I don't know if this answers your question Tim........ but once again, food for though!