100% this. Also, as I understand it the exploit would not exist if it was literally just outputting log lines to a file in /var/log/systemd/ ?
EDIT: Also as I understand it, appending directly to a file is just as stable as the journald approach, given that many, many disk controllers and kernels are known to lie about whether they have actually flushed their cache to disk (actually moreso, because the binary format of journald is arguably more difficult to recover into proper form than a timestamped plaintext -- please correct me if I'm wrong, though!!)
It depends what you mean by recover. To get the basic plaintext, you can pretty much run "strings" on the journal file and grep for "MESSAGE=". It's append-only so the entries are in order. Just because it's a binary file doesn't mean the text itself is mangled. (Unless you enable compression)
The reference may look complicated
but that's all extra features you may ignore for "recovery in emergency".