Hi Keith,
Unfortunately, we do not have any plans for this feature.
The editable cursor that you expect is only supported in Record Interactive Software Simulation.
In your case, if you want the cursor in Record as Video to have the same function as in Record Interactive Software Simulation, the only workaround here is not to record the cursor while recording, but to add it later while editing.
To do that, you need to uncheck the Record Mouse Cursor option in the Recording Settings dialog first:

Then, add cursor paths following the instructions here:
Regards,
Quynh Anh