TyFracture for wood processing?

[JuhaHo]

I wonder if TyFracture would be correct tool for chipping a log sides. I have normally done this by using boolean or V-Ray slice, but then I would need an additional particle system and don't see the log being cut. I modeled this log mid 90's by using Digimation's Clay Studio Pro metaspline and have used it in my sawing animation ever since.

So I'm looking a way to permanently reduce geometry as log object passes the blades.