Ken,
I have been using this Suunto compass http://tinypic.com/es7n09.jpg while hiking for the past few years and it has proven to be very serviceable for my needs. The bezel indexes on 47 detents of about 7 to 8 degrees each It along with the Leatherman Micra go back to my philosophy of populating my survival tin with everyday yet compact hiking gear as opposed to the Gucci survival gadgets that many of our brethren become fixated on. Getting back to the TEN-ESSENTIALS 1) map 2) compass 3) water and a way to purify it 4) extra food 5) extra clothing 6) fire starter 7) first aid kit 8) knife 9) flashlight 10) sun glasses. I have covered seven of them and with a heads up, I could add a custom printed map, on waterproof media of the area I would be visiting bringing this up to eight. While I realize items 4 and 7, food and first aid are covered a bit skimpy the first aid supplies along with the Micra could treat; removing a tick, blisters on each heal, a headache, and other booboos. As for food, you can get by a few days with out it, but at least I can make a cup of coffee and chew on a couple pieces of gum while I sort out whatever situation is at hand.
George