I added used chain link to most of my pond and yes it works great. I got the idea from a friend who happens to work for state wildlife service. He put it in his successfully also.
I have a buddy that owns a fence company. I asked him to save me rolls of 4' high trash fence (they remove and dispose of a lot of fence). The fence extends from just out of the water down, and the 4' was easier to handle than 8'. I just unrolled it and let the vegetation grow through and over. I did get some muskrats below the fence because the pond was not full. Trapped them out and now it is almost full and I am hoping the 4' size will work as well for me as it did for my friend.

2/3 acre pond 12 miles from that big pond we call Lake Erie.