Yes.

I used to work at a company that invested too much time and effort into an ELK stack that handled specialist log formats sent over a custom UDP service. It was brittle and fell over in all sorts of strange ways. This was all for monitoring a handful of servers.

The only good that came of it was when we realized that the support staff could search the logs and diagnose 95% of customer complaints without bothering developers. ("Your transaction failed because you entered a bad card number.")

But that was because the text logs were more useful than the metrics.