Flight Unlimited 3 (remember that? way ahead of its time) had an outside view that was fixed in direction - exceptionally handy! I can select that in Microsoft FS9 too. It would be great to have it in X-Plane (I am new to it so if it already has - bite me!)
What do I mean? Well imagine you are tracking 360 deg and doing a left downwind for 18. You could select an outside view looking 240 or whatever and see the airfield and the aircraft. Because the view stays in that direction (unless you hatswitch or key it round or up/down) the aircraft rotates within the view as it turns base and then final - all the time with the field in sight.
I usually fly circuits by switching repeatedly between in cockpit and that view - even with Track-I/R it makes for far better situational awareness and helps overcome the limitation of any sim - "tunnel" or at least "monitor" vision.