Don't know it would be safe! Just why you would do taht? In reality it could gives a lot information about anything going on in your system, special regarding security etc., etc.! It's really not recommended to turn of the Event system!!
if you dont need error/warning/information logs which most of them are useless, you can disable it. windows' functions won't be affected.
I don't want windows keeping writing constantly day and night to my ssd destroying it what for? Already disabled both thanks cengizhan