From ArcSDE Configuration and Tuning Guide for Oracle:
"ESRI recommends that you create your indexes with NOLOGGING. Doing so will avoid logging the changes made to the indexes in the Oracle redo log files. Although the index cannot be recovered from the archive log in the event that you should lose the data file the index is stored in, you can easily re-create the index using the ALTER INDEX <index_name> REBUILD command. Therefore, ESRI believes that the ease at which an index may be regenerated outweighs the need to log the changes in the event of a disk failure."
Since this is just a recommendation, if you don't see any significant impact on the Geodatabase's performance by setting the parameter to LOGGING (You may want to give this a try on a testing environment) and your redo log can accommodate that information, I believe you can do so.
Regards,
Leo