I read the other comments on this lake and just wanted to add a few:
1) Actually Barclay peak soars 3750 feet above the lake! Not 1500. That makes is half again as tall as Half Dome and frankly, I'm surprised it's not the most famous view in the state. For ease of hiking (less than 100' vertical) it's worth that alone.
2) I always thought the lake was too small for hold overs but I saw fish over 10" there.
3) Eagle lake has a second, easier access.