Why would that be the ultimate hustler cue?
Anyone that would fool won't bet anything anyway. What impression are you trying to create? You can't play? You will gamble but can't play? You are a sucker? You are an idiot? You just need a good quality cue, mid range, from a billiard supply. A cue that says, you like to play enough to have your own cue, you may gamble, but says little about your actual speed other then you may just be average to above average. Obviously you have to give the impression you can play some, if you want people to gamble with you.
The biggest problem with what you want to do is it doesn't allow you to play your best if you have to. After a night of playing the idiot with suckers what do you do if they have someone there who can play and will bet? There may be a guy on the stool you can beat out of a thousand while you are wasting your time stalling with suckers trying to win 50 bucks. How can you play the good player now? What do you do now, go to the car and get your real cue and begin playing 10 speeds above what you have been playing all night?
I really learned a lesson years ago while on my way to a tournament. I stopped in a bar and got in a ring game using a house cue and stalling pretty good. I won maybe a hundred. Mean time the next night I am a few towns over playing in the tournament and who is in the second row, the guys from the bar last night where I was doing an act for. Long story short when I came out half the windows in my RV were busted out. If you want to hustle pool just go out and match up with guys who can play and if you are the better player you will take the cash. Either that, or offer big spots that can't be refused to the weaker players called (lamb killing), and play your game or a little under if you want. Either way, you will have a chance to win something and you are a "Pool player". Just my opinion.
I have to ask he question again, who are you going to be trying to play with the Simpson cue? Having said all that, most cue makers could make it into a fair playing cue for a price.