I was just at Ho'okena yesterday, it's one of my favorite beaches also. It has shallow reef that's exposed to high surf when it comes through, so it's not particularly nice reef, but you can walk to the beach side of the old wharf and get in 30 inches or so of water 30 feet from the beach and start snorkeling right away (head to the right, it has a lot going on for snorkeling). Took a short video while snorkeling, nothing great, but it gives you an idea of what you can see in just a few feet of water here.