Looking at your initial photo, it might make sense to either have the waterfall cross your slope at an angle, or zig-zag down the slope, so that none of the drops is too steep. Otherwise, you risk losing a lot of water to splashing, in addition to having a hard time making the waterfall look natural. If you create a wide-ranging zig-zag over the face of the slope, you can make larger pooling areas and more gradual drops (which means smaller boulders). Then you can use extra boulders to naturalize the whole design.