Is there any technical reason to keep actual IPs as data points of structured logging entries? The Internet Archive replaced them with hashes generated with a daily key. Especially for operations logs, hashes should be more than enough (if a day is too frequent, make it a week or whatever).
Privacy in this case is not just a philosophical matter but also a very practical one: the less private information a log contains, the easier it is to distribute it, have more eyeballs checking it and identify problems quickly.