Would the irule command: event disable all cause LTM traffic policies not to be evaluated?

The evidence would suggest that Local Traffic Policies are evaluated independently from iRules. I ran a test with the following iRule and Local Traffic Policy assigned to the same virtual server:

when CLIENT_ACCEPTED {
    event disable all
}
 
when HTTP_REQUEST {
    log local0. "iRule event disable all logging message"
}

ltm policy ltp_http_request_log {
    last-modified 2021-05-06:14:26:09
    requires { http }
    rules {
        write_log_message {
            actions {
                0 {
                    log
                    write
                    facility local0
                    message "Logging from local policy on HTTP_REQUEST event"
                    priority info
                }
            }
        }
    }
    status published
    strategy first-match
}

Here is a screen shot of the local traffic policy as well:

When I sent multiple HTTP requests to the virtual server, the iRule did not write any log messages, but the local traffic policy did, as shown below:

May  6 14:28:15 bigip4 info tmm[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm1[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm1[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm1[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm1[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm1[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm1[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event
May  6 14:28:15 bigip4 info tmm1[9908]: [/Common/ltp_http_request_log/write_log_message]: Logging from local policy on HTTP_REQUEST event

In summary then, the iRule disabled all events upon completion of the client-side connection, preventing the HTTP_REQUEST event from occurring. However, the local traffic policy still triggered at the HTTP_REQUEST (request) event and was able to write the log message.

Hope this answers your question.