Nope, log.lst isn't under my game file. It's nowhere. I made up a filename of log.lst and and rebooted the game and when it crashed at 70% the log.lst file I created was empty so I deleted it. There is a file named initlog.lst that updates every time I start the game, but I've found the information there incomprehensible. I just downloaded the automatic log reader. Maybe that's the ticket for now.
As for reading the appropriate posts, I have several times. Here's the initlog.lst
lordish
2013-03-02 20:12:55:383 : JVM Parameters injector activated
2013-03-02 20:12:55:384 : Applying JVM Memory Settings from IL-2 Selector...
2013-03-02 20:12:55:385 : Adding JVM Option: -Xms887M
2013-03-02 20:12:55:385 : Adding JVM Option: -Xmx887M
2013-03-02 20:12:55:385 : Adding JVM Option: -Xss8192K
2013-03-02 20:12:55:386 : Adding JVM Option: -XX:PermSize=128M
2013-03-02 20:12:55:386 : Adding JVM Option: -XX:MaxPermSize=128M
2013-03-02 20:12:55:386 : Checking duplicate JVM Options...
2013-03-02 20:12:55:387 : Checking mandatory JVM Options...
2013-03-02 20:12:55:387 : Adding JVM Option: -Djava.class.path=.
2013-03-02 20:12:55:387 : Adding JVM Option: -Xincgc
2013-03-02 20:12:55:388 : Adding JVM Option: -Xverify:none
2013-03-02 20:12:55:388 : Adding JVM Option: -Xcomp
2013-03-02 20:12:55:388 : Final JVM Option List:
2013-03-02 20:12:55:388 : -Xms887M
2013-03-02 20:12:55:389 : -Xmx887M
2013-03-02 20:12:55:389 : -Xss8192K
2013-03-02 20:12:55:389 : -XX:PermSize=128M
2013-03-02 20:12:55:389 : -XX:MaxPermSize=128M
2013-03-02 20:12:55:390 : -Djava.class.path=.
2013-03-02 20:12:55:390 : -Xincgc
2013-03-02 20:12:55:390 : -Xverify:none
2013-03-02 20:12:55:390 : -Xcomp
2013-03-02 20:12:55:586 : Hooked "SAS_CreateJavaVM" function activated, injecting JVM Parameters
2013-03-02 20:12:55:686 : JVM Parameters injected successfully
2013-03-02 20:12:55:721 : MODS Folder = "#DBW", No FILES Folder set.
2013-03-02 20:12:55:899 : Scanning #DBW folder took 177 milliseconds.
2013-03-02 20:12:55:900 : Total number of modded files = 4987.
2013-03-02 20:12:55:903 : Sorting modded files list took 2.641 milliseconds.
2013-03-02 20:12:55:904 : Removing 0 Duplicates took 0.180 milliseconds.
2013-03-02 20:13:30:728 : Total files opened = 41670
2013-03-02 20:13:30:728 : Total search time consumed = 6.854 milliseconds (0.006854386535 Seconds)
2013-03-02 20:13:30:730 : Search Time per File = 164.492 nanoseconds (0.000000164492 Seconds)
2013-03-02 20:13:30:731 : Average Search Iterations required per File = 8.2
2013-03-02 20:13:30:739 : JVM Parameters injector deactivated