As the LED-Wiz is sink only, you should be able to mix voltages within a bank. The LED-Wiz doesn't actually provide a "5V signal", it just effectively turns on/off a switch to ground to provide or interrupt a path for electricity to flow from whatever voltage supply you select back to ground. Now, if the rev 1 LED-Wiz hooks the bank common up to 5V internally, you've got a problem unfortunately. I'd really recommend just trading out for a new one, if that's the case, since all your problems will magically go away, and you can get by without a single external component, then.
Please just ask Randy about this. The documentation on the website for the old model doesn't answer a very important question for this usage. It's somewhat likely that you have no problem at all, here.
If you must use what you have, and what you have is really limited to 5V, by far the easiest solution is a solid state relay. You can get smallish ones that'll do what you want, here.
There are some other options that may be cheaper if you're willing to string a few components together and/or don't need a ton of current handling per channel. Basically, take the original optoioslated circuit you posted and remove Rout. In its place, substitute your LED load, including appropriate resistor for 12V. Rin should be ~220 ohms. Use something like an LTV-815 for the optoisolator. That'll get you about 80mA per channel with only 2 extra parts per channel. If you need more than 80mA per channel, another resistor and a suitably sized transistor will get you well more than the LED-Wiz could originally handle, if you want.