Hi Steve,
I am not aware of any hidden settings that can change the SDAPPLOG writing of the date and time to use the local time rather than the UTC time.
As Warren alluded to, there is a GridView function called UTC2LOCALSTRING that can convert the UTC date and time to local. It takes care of the area around midnight. One example of the function syntax from the Help file is:
UTC2LOCALSTRING({Date},{Time},"%H:%M:%S:%%Milli") = 10:24:09:620
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Regards,
Softrak Tech Support