Hi Martin,
I prefer the first one with more context for the falls, including the little lake. However, it suffers a bit from the top of the falls being so near the top of the image. You may have only a dull area above it and had to work with that, and I appreciate that.
The water is very nicely captured in both.
Two very nice shots. No 1 being my favorite. Only thing i could suggest from a composition point of view is that maybe if the shot was panned up a little to show more of the area above the water fall(only a little as you dont want to lose much from the bottom). The shutter speed looks bang on also. Only other thing that might be worth looking at is to see if you can get the greens to come out a little brighter to give the image some more punch
I see you allow edits Marty, I personally really like the shot but think it lacks a bit of contrast… this is how I would have processed it, not necessarily better, or to everyones taste – just my twist!