@LMS
Here are some detailed information about configuration on Message tracking log:
The increase of the log file will have a certain impact on log searching. It depends on the performance of your Exchange server.
About your option, it seems could working, but I don't see it from Microsoft articles. You can have a try with it. If Exchange cannot recognize these recovered logs, you can use other tool(Such as Excel, you can filter needed data from it) to read those logs directly.
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