Dear nope10,
Thank you for posting your query in our community.
Please don't worry, let's work through your concern together and move towards a path to resolution.
I understand your concern and would like to convey that. No, if you delete the channel data, it will still be recoverable intend of deleting channel you can delete the list by following the steps below. ( note this method will permanently delete the data )
Please go to the SharePoint private site that contains the list >> go to the site content>> select the list you want to delete >> After deletion please go to the recycle bin and delete the list from the first stage recycle bin and second stage recycle bin.
Then you can delete the channel and (note that files will be not recoverable anymore)
Appreciate your patience and understanding. Have a great day!
Yours sincerely,
Sophia