To delineate the drainage basin for a lake, would the pour point be the inlet or the outlet? I am interested in the area draining into and affecting a particular lake. Delineating this drainage basin, should I use the lake's inlet or outlet to best capture the relevant drainage basin? I think including the lake is valuable in this exercise, as events on or in the lake itself also affect the lake.

I'd think outlet, but want to double check with you all. To complicate things, most lakes have more than one inlet and outlet. I guess I'd go with the lowest outlet in order to avoid missing any land which may drain into the lake.
I think there are a few things to consider. First, a drainage basin is defined as the area upstream of the point to which all precipitation converges. Flow does not converge at the outlet - flow converges at the lake. Outlets don't contain any additional information of the upstream area draining into the lake. This implies that to find the area draining into a lake, you would necessarily have to proceed beginning from each and every inlet. 

Here's another way to see this. Approximately 20% of all land drains to lakes with no outlets. These are referred to as endorheic lakes or endorheic basins. Even though there is no outlet, there is absolutely still a definable drainage basin area.