Direction of the ball
Let's take another look at the release of the ball from the clubface. The picture shows the direction and the spin of the ball (the red arrows), along with two other important directions: the direction the clubface is pointing (blue arrow) and the direction the club is moving (green arrow).
The direction of the ball -- called the launch angle -- is always between the arrows, and is almost always closer to the clubface direction. If there were no friction involved, then the ball would slide up the face and release in exactly the direction the clubface is pointing. But friction causes the ball to roll on the clubface instead of slide. The upwards motion of the ball is used to get the ball spinning. Since the ball has a moment of inertia, it takes some torque (force at the edge of the ball) to make it spin. That force comes out of the upwards acceleration of the ball, so it takes off a little lower than the clubface is pointing.
How much lower? The equation is a complicated, but not nearly as ambiguous as ball speed was. The three references (C&S, Wishon, and Dupilka) agree on the numbers for launch angle. For very small lofts, the direction of the ball is nearly the same as the direction of the clubface. Put another way, the launch angle is the same as the loft.
As the figure shows, the launch angle becomes a smaller fraction of the loft as the loft increases.
For typical driver lofts, the launch angle is about 88% of the loft. For a 10° driver, the launch angle is just under 9°.
At about 20° of loft (the beginning of the irons) the launch angle is down to about 80% of the loft (the yellow dotted line). For lofts in this range, you can think about an 80:20 rule; the ball is 80% to the clubface direction and 20% to the clubhead path.
In the area of the wedges, the launch angle is still more than 60% of the loft. So, for all reasonable golf clubs, the ball's initial direction is closer to the clubface direction than to the clubhead path.
While the equations to come up with launch angle are complex, there is a simple formula that fits the curve very well. ("Fits the curve" means that the equation has nothing to do with the physics of the situation, but it happens to give the same result for all practical purposes.) This formula is:
LaunchAngle = Loft * (0.96 - 0.0071*Loft) It gives results within a tenth of a degree up to 40° of loft, and stays within about a degree up to 60° of loft.
The same physics works in the horizontal direction. If the clubface isn't square to the path, the ball takes off between the two directions, and much closer to the clubface direction.
Since the loft is probably a bigger angular difference than the horizontal lack of square, you can use the loft to set the percentage difference of direction. For instance, the graph above shows that a 12° driver has about 85% conversion of loft to launch angle. So the sidspin due to a few degrees of non-squareness is also probably 85% in the clubface direction and only 15% in the clubhead path direction.