I’ve spent some time with compasses for geometric construction and can offer the following: - Accuracy is key when doing geometry, but it isn’t easy to achieve. Higher quality instruments are important for precision.
You’re right about blunt points. the blunted points are intended for young students who can’t be trusted with anything sharp. You need a real steel, needle point for accuracy.
Stay away from plastic compasses altogether, for the same reasons. Plastic flexes too easily and will give you inaccurate arcs.
Compass with a center wheel Staedtler Engineers Compassor other screw mechanism will allow you to keep exact radius settings for multiple arcs.
Good brands to look for, IMO are Staedtler, Rotring, or Alvin. Drafting tools had their heyday before computers began to replace them. Vintage instruments on E-Bay from Dietzgen or Kueffel & Esser are frequently available for a modest price. Search for ‘drafting equipment’.
Check out Geogebra.org for their computer-based geometry and math apps; free for all and very sophisticated.
Good luck! This is a fascinating area for intellectual exercise; a game for one player with a long history.