What I do is apply the required disclosures and if the path is still profitable I'll keep running traffic while looking for a similar offer I could switch to. Usually what I find is that even with disclosures the original offer converts better than other 2nd grade offers without them. But sometimes you find a better offer at another network and it works out fine.
In 6 years I've been doing affiliate marketing I've not once cloaked an affiliate network or an advertiser. Just had a short period of cloaking my LPs on traffic sources. My approach is: the traffic source can boot you and you can always find another one or create a new account, but with networks and advertisers you have relationships you've built through years so I'm always transparent and honest with them.
If you can't find another offer with higher EPCs you gotta sometimes accept you had a good run, times were good but it's time to focus your attention somewhere else.
Also, it doesn't really matter what kind of disclosures are "enough" by the FTC, what matters here are merchants requirements for networks. You have a choice, either be noncompliant and get potentially booted off an offer or run it legit for possibly years to come. I'm in this for the long game so I know what's my pick.