This arrow appears on an unidentified “American Masonic Symbols” chart of Dabrowski. An arrow pointing downwards is the emblem of Noachite of the 21st degree of the Ancient and Accepted Scottish Rite. I wonder if perhaps this image points in a certain direction?
Also see Arrow in Triangle, also for a quote of a meaning for the inverted arrow.
first and second: Dąbrowski P. 180. Year and designer unknown