You will love it there mate. I went there back in the 90s and early 2000s and stayed at one of the many resorts on Mushroom Beach. Pantai Tanjung is a good one we stayed at. Friendly people, easy accommodation, pool, fans/air-cons, and the food is fantastic. It's aimed at honeymooners, as the restaurant part of the resort is very romantic with candles, oohlala.. but it's not just for them. Take the kids, they can body surf just to the right of the bay and also have (inclusive), boat trips out to the surf spots - including of course ShipWrecks which is a gnarly right-hander with a steep take-off. Gets crowded though unfortunately. But most just float around. You have to be brazen and just go out to the start of the line-up. I had a few goes on my 7'2" thruster (mini-mal) and I was flying fast. Sometimes can barrel when on the lower tide. Don't forget your booties! That's a must as the shallow reef is quite sharp. Good luck
www.lonelyplanet.com/indonesia/bali/nusa-lembonganOh and don't forget the local attractions. We went into the Gala-Gala Underground house, built by one man. Fascinating story there. Also check out Mama Mia's Bar&Grill with a small tour of the history of Nusa Lembognan and the seaweed industry. If you're into the night-life, yeah maybe accomo closer to the reef-breaks would suit you, like Lembognan Island Village Villas, or take a taxi from the West side to the East side of the island. Cheap as cheaps.