The view is real and Waipio Valley is incredible. We drove the entire island over the course of our week long stay and concluded that the porch on the cottage was just as good a spot as we found elsewhere.
Honokaa, while small, has everything you could need. A few restaurants and a grocery store are suitable for those that want to stay close to the listing. A nice resort dinner can be had with an hour drive over to the Hapuna area. Waimea is a nice town as well and close-by.
Overall, the big island, and this listing were everything I'd hoped for a week long stay for our honeymoon. Would recco to anyone.