I've not stayed there but I rented the house next door in May 08. So I can help with questions about that area.
Being on the point the breezes there were better than in town. There's still a bug problem at night though. If the surf's up, waves break against the ironshore there. With screens, it's nice to sleep to at night - esp. with a little rain to cool things off. Otherwise you'll want A/C. It's really quiet in that area at night.
It's a leisurely 10min. walk from there to the West End. Several times my friends returned earlier than I did so I've walked the road alone at night and never felt like there was a problem. Bring flashlights, it's dark under the tree canopy and there's no streetlights in that area. Our power went off nightly - our house had it's own backup generator so it must be common.
It's probably obvious but that whole area is on rough ironshore so there's absolutely no beach. It's actually hard to get to the waterline as the ironshore is about 3-4'. I know SeaGrape has a walkway to the water, we thought about trying to do a shoredive from there once.
One other place to consider might be Luna Beach Resort. It was the other place we considered as not only do they have rooms but also 2-3 BR guesthouses on the property. And their own diveop. It's a little too far to walk to the majority of the West End but they have a water taxi. In the end my friends decided they wanted to stay
in the West End so some of them stayed at Coconut Tree Cabins (we dove all week with Coconut Tree Divers) and I rented the house.
fwiw if there's 6 or less of you (3 couples - all the beds are queens) you might want to consider the house:
http://www.roatanpropertymanagement.com/images_sealodge/photos.htm
The whole place cost me around $1600 total for everything. It's private, has great views and is all deck. Both the living/dining room and MBR suite have their own deck upstairs and downstairs the deck is covered and goes completely around the house - there's a couple of hammocks, sitting areas and even an outdoor dining area. All have outside fans/lights - you'll want the fans for the bugs. The two bedrooms downstairs are just bedrooms with ensuite baths. All have private entrances. Very nice, very clean, pretty new. The one downside is the kitchen is limited - small refrig, coffee pot, microwave, dishes included. There's a day/night watchman in a small hut nearby - he watches the house and another next door. Mostly for us his job was to start the generator as needed - we didn't see anyone else nearby the whole week.
The owners are really nice people also, they arranged airport van transport both ways and met us on arrival and departure on our schedule. Our driver actually lives 1/4 mile down the road towards town so if you wanted to go somewhere else you have that option. Or get cab(s) at the West End, there's a cab stand across from Coconut Tree Divers.
On the contact page header picture on the Seagrape site, it's the house all the way to the right on the point -the one with the grey roof. I would rent it again.