OpenRasta uses TraceSources to log requests, so you can use any implementation of log files for tracesources by providing the right configuration in your web.config.
<system.diagnostics>
<sources>
<source name="openrasta" switchName="OpenRasta">
<listeners>
<add name="ErrorLog" />
</listeners>
</source>
</sources>
<switches>
<!--<add name="OpenRasta" value="Warning,Error"/>-->
<add name="OpenRasta" value="All"/>
</switches>
<sharedListeners>
<add name="ErrorLog"
type="System.Diagnostics.TextWriterTraceListener"
initializeData="c:\myListener.log" />
</sharedListeners>
</system.diagnostics>
I'm not sure however what you mean by standard text log files. Standard log files use standard logs that IIS generates itself already, this part of your logging does not change and is configured the usual way in IIS.