A wide, shallow water basin with plentiful food and plentiful resources offers a fine spot to settle down. This place also offers a wide arrangement of local wild game, predators, and birds. It is also guarded on both sides of the waterfall by Black Machairodus. You'll find hominids for your clan primarily around the top of the waterfall, and around it. This is a big settlement, however the size of it is deceiving as you'll notice you are out of the settlement without actually being outside the waterfall. This can leave you open to being attacked.
If you want excellent protection from predators, you can constructBranch Barriers for both open sides to reduce where predators can enter this oasis. Three or four connected branch barriers should suffice for each side.