I did do that.. what I could see of it didn't show me problems, and when I tried to open it in bbedit, it just froze the whole computer. 20 hours later, it's 28kb
That sounds more normal...
The huge file likely was some kind of runaway process.
The better way to view that log file is through your console. You could simply leave the console window open on that log, and watch if it suddenly "takes off", where you might see the same one or two lines repeat a few hundred times (or thousands + , which is what you likely had)
Might be a one time thing, but no harm watching for that.