But I understand that some are uncomfortable with a log being kept, despite it being a public channel that anyone can secretly log anytime. So redacting those member's lines is a good compromise, as long as it's made obvious each line that was redacted. Don't show who's line it was; just indicate that someone unknown said something unknown, so there won't appear to be confusing one-sided conversations.
there are some difficulties with that, though. people will address the 'unknown people' in their messages... they'll make references to what they say in such a way as to enable a determined observer to put together a picture of who the unknown person is and the gist of what they're saying. as a result, it seems to me that trying to redact the logs will be a futile exercise, and only give the redactees a false feeling of 'ooh my messages are not getting logged so nobody knows i was there and what i was saying'.
so at the end of the day, the chanops will make a decision one way or the other, which would be either (a) have no logging, and if you don't like it, tough, or (b) have public logging with notice in topic, and if you don't like it, tough.