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The log directory should not be world readable. This could post a security concern if you allow untrusted people to log into your server or access your file system on the server in some way. Why you would do that I do not know, but we should use proper permissions none-the-less.
Looking over this a bit, there's more that shouldn't be world readable. Really openfire's home directory shouldn't be world readable. In theory someone getting on the machine could easily cd to /opt/openfire/conf and look at your ldap password info or database info. Could go into /opt/openfire/enterprise and 'borrow' your license. Could go into /opt/openfire/resources/security and borrow your keystores and such. None of these are good.