The big arcade style freewheel trackballs are way easier to deal with than mice in this regard because it completely removes the need to move the mouse around. The Logitech type ones with the smaller ball probably aren't too much easier but maybe.
This is the one I use...
See what I mean about the giant buttons? I keep my cursor over top of the Record button so that way I can simply hit the spacebar to stop playback then give the big bottom left button a jab to start recording again. I'd use the R keybinding but that causes a very annoying bug to manifest itself (it randomly unmutes previous takes... SOOOPER annoying).
That model however does cost around $100. Well worth it IMO. They have other similar versions though that are a little sleeker.