You comment reminded of another type of compass that's less popular with scuba manufacturers. Most of the compasses every diver is used to is an indirect compass. But there are a few direct compasses which only have a top viewing window and a needle that points to Magnetic North. You orientate the bezel so your intended heading is at 12 o'clock. Then you align the needle with the North Symbol on the bezel.
Nice compromise? Seems to do what your original concept wanted, yet with less parts.
IKELITE PRO COMPASS
One reason why I don't like this type of compass as well as why I think it's not an industry standard is that you cannot easily swap headings without adjusting the bezel. This means if you have multiple headings, you either have to remember them or write them down as you're constantly making bezel adjustments when you want to head on a new specific heading.
The indirect compass types allow acquisition of a new heading on the fly without the need to adjust one's bezel.
Two different methods of navigation concepts. One's more flexible, the other is more precise.