Sounds good.
The TO/FROM can both be on one side of the CDI needle slot. The problem here is that as you turn the plane and the CDI plate turns, so do the TO/FROM arrows. So either we create some logic that flips them on the turns or we need a different way to mount them so they don't spin.
Put a small tab between the LEDs to prevent light bleed-thru.
The flags are hidden under the outer ring which is where you have the 4 supports at. A simple shaft to a flipper/solenoid down in the housing could handle them.