Looking for: lightweight mouse recording software
Look at various macro recorders, automation shareware/freeware ...
There's a Windows API functions which gives you the coordinates of the mouse, GetCursorPos : https://docs.microsoft.com/en-us/windows/win32/api/winuser/nf-winuser-getcursorpos
You have it in Python ... here's some example programs with it : https://www.programcreek.com/python/example/62991/win32api.GetCursorPos
So you could easily write a small python script that calls that functions a few times a second and logs the position and time when it changes, sort of like making a subtitle for the presentation.
Curious why you can't record the pointer, is it the recording software that won't let you? OBS is free and can sit hidden in system tray and record at very good quality and using low resources (depending on what codec and codec settings you choose) and you can set hotkeys to start and stop recording and all that.

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