Hi,
I don' t know the 5.2 version but some time ago I made some test on version 5.0.x and it looks like this:
1) if no logging is enabled, the logs are clear - of course.
2) if you enable Log all sessions then everything is logged - it is also clear.
3) if you enable Security Events, no all sessions are logged. For example: You have enabled the Security events log on the firewall policy but you do not have any security profile enabled - no antivirus, no webfilter etc. In this case all the logs will be clear, the traffic log also.
Let' s say you enable the antivirus profile only. During normal traffic nothing will be logged until a virus will be bloked by antivirus engine or the buffer size is to small for the downloaded file: Size limit exceeded (or something similar). Than you will see a log under the Security -> AntiVirus menu and also in the traffic log.
So it means, that the Log Security Events option only logs events when some Security Profile is matched.
I hope that this is the right answer, or someone can correct me.