There is a default log object in the standard Dut/TestStep/and Instrument classes, but there does not seem to be one in the ComponentSettings class. How should I configure the TraceSource?
You can create a new TraceSource object that attaches to your ComponentSettings
Thanks for the example link. I know that this can identify the source object that originated the log message, but will it still be written to the same file with all of the other logs?
They will all be written to the same Log file, the Source sets the 3rd column (TestPlan, TestStep, PackageManager, etc).