I say, go for staying at ClubO...there's nothing like it. You can be as clothed or unclothed as you want any place on the property. Most people will be mostly unclothed/wearing a pareo or manskirt.
We have walked to the Village a few times along the beach, but always with a group. I second the very dark comment. After dark, they lock the gate along the road, so you must walk on the beach.