I agree with Grey. But the thing is, regardless of the design, this idea does need to be implemented. I think a compass that points North constantly is necessary.
Stone is more common then wood after you have played the game for ten minutes. Therefore wood.
Also you can't make a wooden compass right away anyway. Your forgetting about the red stone, which although eventually you may have lots of it, it takes a awhile to actually find it the first time.
Also you can't make a wooden compass right away anyway. Your forgetting about the red stone, which although eventually you may have lots of it, it takes a awhile to actually find it the first time.