I don't see the problem. The pilot is using compass points in the same way anyone would -
An astronaut who is singing to a non-technical audience and doesn't want to use technical navigation terms because that would be snotty. So he's talking about looking outside the cockpit and hey, there's Lyra over there on the port side, or if you want to get "technical," in sector G-7.87.44 or whateverthefuck. I'm no astronaut.
Of course - he wants to get sucked in. He is headed for the heart of cygnus, after all - headlong into mystery. If that`s his plan, I`d say he did a fine job navigating.
It`s possible this discussion may become a kind of black hole if we`re not careful.
I do enjoy getting drawn into the song, though.