As far as I've tested so far (mostly GB fighters), you just can't navigate with anything less than the map ghetto GPS mode - that is map icons, flightpaths etc. on.
The magnetic compass, needed for calibrating directional gyroes, is badly obscured in most planes. On top of that, the magnetic compass seems to be bugged as hell; it's wrongly labeled, the arrows pointing out flight direction seem to be randomly selected from flight to flight and, when you've tackled those obstacles, the heading given is, mostly, way off, too (seemingly by calculating the magnetic/geographical north pole differences in a wrong way).
Adding a simple heading indicator to the info window configuration modes would go a long way, but...nothing so far, sadly