I remember windows 3.1 had a utility for drawing custom cursors. I had great fun making cursors (I was around 10 at the time I guess) and had completed forgotten about it until now! I think that utility was a 16x16 grid, and indeed the easiest to see arrows utilsed the vertical, although actually a cursor which uses the horizontal and diagonal isn't bad either.
I still feel it combines the precision of a crosshatch with the visibility of an ordinary mouse arrow. Perhaps I should recreate it for the Mac...