It sounds very reasonable to get rid of the edit history to save on info in the catalog. Is it possible to not have the histories created in the first place? How do I delete one photo edit history or all edit histories? If I understand this would not effect the edits applied in LR but would just remove the history of the order of edits? I first want to confirm all past edits in LR would still be there layered on top of the RAW file, just not the history of the order of edits. I assume it is similar to the history brush list in PS.
I may need to dump some of the 1:1 previews of files I don't view often to save disk space. I'm not positive but It appears it is not dumping 1:1 previews even though I have the pref set to 30days. I assume this because the file is huge. Is it true that every time going in develop a new 1:1 preview is created and it is not using the 1:1 in the preview file? I was hoping the rendered 1:1 previews saved me time getting the highest quality preview in Develop but it sounds like it is not.
The History is just a list of what you did. Deleting it only deletes that list. It does not change the edits and does not change the possibility to change the edits. It's not possible to not have a history created in the first place, but you can safely delete it. To do so select all the photos, go to the Develop module and choose menu 'Develop - Clear History'. You'll get a dialog asking you if you want to clear it for the active photo, or all selected photos.
The Library previews are different previews than the ones used by the Develop module, so a 1:1 preview in the Library is only created when you zoom in while in loupe view. For the same reason it is useless to create 1:1 previews with the intention of doing this for speeding up the Develop module.