With all the moisture in Cloudcroft this year I think you're going to ok on the fires. We were up turkey hunting mid april and it snowed more than a foot on us and there was still snow on the ground from winter. I know it rained all last week also. It's been a freakily wet spring, I've never seen anything like it in 30years.
As for Caballo, it fluctuates daily with releases for irrigation. The Butte was supposedly rising a foot a day there for a while so I expect it's pretty good. Sounds like a blast, I'm in the market for a boat so I may be up their some time this summer too!