Hello, jamie younkin.
If this error does not manifest itself in any way, but is only "noted" in the Log, then do not worry and do not pay attention to it. This is the normal operation of the OS. The PerfDiag Logger service only collects data and writes it to the log, nothing else.
For the most part, errors from the Log do not manifest themselves in any way. Specifically, this error in the "easy" case may manifest itself in problems with recording the performance log. This does not affect the system in any way. In a "severe" case, it may appear as a blue screen. But it will not be the source, but hardware (for example, HDD) or system (damage to system files) malfunctions.