I don't know if this is what you're looking for or not, but I think based on what you say you're blowing kernel panics WAY out of proportion, and likely wasting a whole lot of your time.
If your Mac is panicing regularly, then yes, there's something significant wrong--either OS corruption, a bad driver, that rare piece of software that tickles an OS bug and causes systemwide crashes, or a hardware problem.
But if you have one single kernel panic, it's way too early to start panicking yourself--take a deep breath and keep in mind that, once in a while, the OS does just panic for no readily identifiable reason. It's happened to me maybe a half dozen times since 10.0, and ignoring them has never caused me any hassle. In all likelihood, reinstalling everything isn't even going to help.
Basically, if it's a single panic, then ignore it. If you get another one within a week, then you can start wondering and try to remember if you've installed anything recently. If so, THEN start doing the reinstall dance (though even then, I'd just uninstall the driver or stop using the new piece of software before I reinstalled anything).
Like you said, a standard application crash will write to the logs, as will a panic. Panics don't generally break anything, they're just a sign that there's a weakness in the OS or a kernel extension you've installed. Take it easy and relax.