Remote SysLogs Server for BIG-IQ

Hi all,

I have a very simple Setup where i have a BIG-IQ Device V-5.1, I have added a BigIP V12 Device to it. Now i want to manage the configuration ( like enable and disable the pool members and Virtual Server etc. ) i want to collect logs like status change of the pool members and VS on an external logging server.It is Possible. I see that in the BIG-IQ >> System Management >>BIG-IQ Logging We have something called " External Logging Device " option. Can i leverage that ?? if yes what kind of logs we can see ??

Thanks and Regards Surya