This is actually for SharePoint 2013
I know that we can choose what events to record and what timer jobs are enabled and at what time they are activated, but can we go deeper and change the scope, or limit the amount, of information provided in each event or timer job that will be sent to the logs?
I've gone through technet, but the closest I have come to regarding changes to the amount of information gathered is diagnostic logging. And that is not what I am looking for at this time.