Last night I went ahead and put 1 coat of Anchor seal on the edges of the blanks. I put the second coat on this morning. I must have done a good job on the first coat, the second coat beaded up quite a bit.
So far I am pretty happy with Anchor Seal. I still have a little left in the quart I purchased. I put 3 coats on both ends of the log and I am on the second coat of the blanks. I got it for $16.00, it is a bit more than the Latex Exterior paint I saw at WalMart. The only slight concern I have is the heat, I dont think it will be an issue but I will let you know.