Every now and then, you'll end up adding small amounts of milky solution when the batch timer and dosing pump are both operational at the same time. But this event isn't common, and not a major concern (that is, benefits far outweigh the drawbacks).
As for precipitation, this will occur only if you have inadequete CO2 in your system. Generally, with big skimmers and high water turnovers of reef tanks, CO2 levels are more then enough to drive the kalkwasser to "good" bicarbonates versus precipitated carbonates. Because the reactor is air-tight, the kalk does not prematurely precipitate out of solution ... one beauty of using these reactors. If you don't think you can supply your solution with enough carbon dioxide, spike it with acetic acid like breefcase and bingman suggest.
Unit retails for $250 shipped (I believe), including the built-in stirrer (nice unit), only available directly through Ecotech. I assure you, the build quality is top notch, and CS perfect.