HiTech,
I haven't been able see the CV wake after I spawn on deck, so I try to watch the destroyers, but they don't seem to give me a clear indication of maneuvers. Also, when on final in a hog you can't hardly see the deck, much less the wake, so if the Task Force captain initiates a turn while you're on final, it's sometimes hard to judge. That was my take on the flight ops lights. To help keep you from crashing on TO, and give you the opportunity to go around if you have a bunch of kills to land.
Actually, like Saxman, I've thought an LSO down on the corner of the screen would be fun, but I think it would be a lot of coding, and as Sax mentioned, probably wouldn't be used much by vets.
Best Regards,
Cement