It was open when I last did in January. There is a chance it may have temporarily been closed after the flood event, but nothing on the NP website suggests that now. Can’t help you with recommendations on the views unfortunately as I can never remember which falls are which, but I’ve done it in both directions and tied it in with Twin Falls but never had a wayfinding issue at Meeting of the Waters - no fork down there.
If you are comfortable venturing a little offtrack and have a head for heights, you can do a side trip up the Pinnacle - nice views and great (if short) scrambling. The location of the branch track is shown on opencyclemaps