You can anchor in Smugglers Cove in the Summer, in settled weather. Since it is totally exposed to the north, it is untenable with even the smallest northerly swell.

The reefs are easily seen, with the sun at your back, and you can anchor safely between the two reefs with ample swinging room. I personally wouldn't anchor very close to the beach - for a bunch of reasons. There's no reason to do so.

Go slowly on your first trip into the beach with the dink. The reefs can trick you in shallow water.