Why not go a little further north to San Simeon?
Got a (Best Western) room there two years ago-- right on the ocean---beautiful--plus the sea lions hang out in droves there and if you want to, you can go into the quaint village of Cambria, 7 miles to the south, for touristy stuff- art galleries, etc.
I never cared for Cayucos--it's kind of a crap little town. So of the two, it'd be Pismo.
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