I've been playing with this code for a while now and I have something that works well for me. Log files are numbered with leading '0' but retain their file extension. And I know everyone likes to make functions for everything but I started to remove functions that performed 1 simple task. Why use many word when few do trick? Will likely remove other functions and perhaps create functions out of other blocks. I keep the logger script in a central share and make a local copy if it has changed, or load it from the central location if needed.
First I import the logger:
#Change directory to the script root
cd $PSScriptRoot
#Make a local copy if changed then Import logger
if(test-path "D:\Scripts\logger.ps1"){
    if (Test-Path "\\<server>\share\DCS\Scripts\logger.ps1") {
        if((Get-FileHash "\\<server>\share\DCS\Scripts\logger.ps1").Hash -ne (Get-FileHash "D:\Scripts\logger.ps1").Hash){
            rename-Item -path "..\logger.ps1" -newname "logger$(Get-Date -format 'yyyyMMdd-HH.mm.ss').ps1" -force
            Copy-Item "\\<server>\share\DCS\Scripts\logger.ps1" -destination "..\" -Force 
        }
    }
}else{
    Copy-Item "\\<server>\share\DCS\Scripts\logger.ps1" -destination "..\" -Force
}
. "..\logger.ps1"
Define the log file:
$logfile = (get-location).path + "\Log\" + $QProfile.replace(" ","_") + "-$metricEnv-$ScriptName.log"
What I log depends on debug levels that I created:
if ($Debug -ge 1){
    $message = "<$pid>Debug:$Debug`-Adding tag `"MetricClass:temp`" to $host_name`:$metric_name"
    Write-Log $message $logfile "DEBUG"
}
I would probably consider myself a bit of a "hack" when it comes to coding so this might not be the prettiest but here is my version of logger.ps1:
# all logging settins are here on top
param(
    [Parameter(Mandatory=$false)]
        [string]$logFile = "$(gc env:computername).log",
    [Parameter(Mandatory=$false)]
        [string]$logLevel = "DEBUG", # ("DEBUG","INFO","WARN","ERROR","FATAL")
    [Parameter(Mandatory=$false)]
        [int64]$logSize = 10mb,
    [Parameter(Mandatory=$false)]
        [int]$logCount = 25
) 
# end of settings
function Write-Log-Line ($line, $logFile) {
    $logFile | %{ 
           If (Test-Path -Path $_) { Get-Item $_ } 
           Else { New-Item -Path $_ -Force } 
    } | Add-Content -Value $Line -erroraction SilentlyCOntinue
}
function Roll-logFile
{
    #function checks to see if file in question is larger than the paramater specified if it is it will roll a log and delete the oldes log if there are more than x logs.
    param(
        [string]$fileName = (Get-Date).toString("yyyy/MM/dd HH:mm:ss")+".log", 
        [int64]$maxSize = $logSize, 
        [int]$maxCount = $logCount
    )
    $logRollStatus = $true
    if(test-path $filename) {
        $file = Get-ChildItem $filename
        # Start the log-roll if the file is big enough
        #Write-Log-Line "$Stamp INFO Log file size is $($file.length), max size $maxSize" $logFile
        #Write-Host "$Stamp INFO Log file size is $('{0:N0}' -f $file.length), max size $('{0:N0}' -f $maxSize)"
        if($file.length -ge $maxSize) {
            Write-Log-Line "$Stamp INFO Log file size $('{0:N0}' -f $file.length) is larger than max size $('{0:N0}' -f $maxSize). Rolling log file!" $logFile
            #Write-Host "$Stamp INFO Log file size $('{0:N0}' -f $file.length) is larger than max size $('{0:N0}' -f $maxSize). Rolling log file!"
            $fileDir = $file.Directory
            $fbase = $file.BaseName
            $fext = $file.Extension
            $fn = $file.name #this gets the name of the file we started with
            function refresh-log-files {
                 Get-ChildItem $filedir | ?{ $_.Extension -match "$fext" -and $_.name -like "$fbase*"} | Sort-Object lastwritetime
            }
            function fileByIndex($index) {
                $fileByIndex = $files | ?{($_.Name).split("-")[-1].trim("$fext") -eq $($index | % tostring 00)}
                #Write-Log-Line "LOGGER: fileByIndex = $fileByIndex" $logFile
                $fileByIndex
            }
            function getNumberOfFile($theFile) {
                $NumberOfFile = $theFile.Name.split("-")[-1].trim("$fext")
                if ($NumberOfFile -match '[a-z]'){
                    $NumberOfFile = "01"
                }
                #Write-Log-Line "LOGGER: GetNumberOfFile = $NumberOfFile" $logFile
                $NumberOfFile
            }
            refresh-log-files | %{
                [int32]$num = getNumberOfFile $_
                Write-Log-Line "LOGGER: checking log file number $num" $logFile
                if ([int32]$($num | % tostring 00) -ge $maxCount) {
                    write-host "Deleting files above log max count $maxCount : $_"
                    Write-Log-Line "LOGGER: Deleting files above log max count $maxCount : $_" $logFile
                    Remove-Item $_.fullName
                }
            }
            $files = @(refresh-log-files)
            # Now there should be at most $maxCount files, and the highest number is one less than count, unless there are badly named files, eg non-numbers
            for ($i = $files.count; $i -gt 0; $i--) {
                $newfilename = "$fbase-$($i | % tostring 00)$fext"
                #$newfilename = getFileNameByNumber ($i | % tostring 00) 
                if($i -gt 1) {
                    $fileToMove = fileByIndex($i-1)
                } else {
                    $fileToMove = $file
                }
                if (Test-Path $fileToMove.PSPath) { # If there are holes in sequence, file by index might not exist. The 'hole' will shift to next number, as files below hole are moved to fill it
                    write-host "moving '$fileToMove' => '$newfilename'"
                    #Write-Log-Line "LOGGER: moving $fileToMove => $newfilename" $logFile
                    # $fileToMove is a System.IO.FileInfo, but $newfilename is a string. Move-Item takes a string, so we need full path
                    Move-Item ($fileToMove.FullName) -Destination $fileDir\$newfilename -Force
                }
            }
        } else {
            $logRollStatus = $false
        }
    } else {
        $logrollStatus = $false
    }
    $LogRollStatus
}
Function Write-Log {
    [CmdletBinding()]
    Param(
    [Parameter(Mandatory=$True)]
    [string]
    $Message,
    [Parameter(Mandatory=$False)]
    [String]
    $logFile = "log-$(gc env:computername).log",
    [Parameter(Mandatory=$False)]
    [String]
    $Level = "INFO"
    )
    #Write-Host $logFile
    $levels = ("DEBUG","INFO","WARN","ERROR","FATAL")
    $logLevelPos = [array]::IndexOf($levels, $logLevel)
    $levelPos = [array]::IndexOf($levels, $Level)
    $Stamp = (Get-Date).toString("yyyy/MM/dd HH:mm:ss:fff")
    # First roll the log if needed to null to avoid output
    $Null = @(
        Roll-logFile -fileName $logFile -filesize $logSize -logcount $logCount
    )
    if ($logLevelPos -lt 0){
        Write-Log-Line "$Stamp ERROR Wrong logLevel configuration [$logLevel]" $logFile
    }
    if ($levelPos -lt 0){
        Write-Log-Line "$Stamp ERROR Wrong log level parameter [$Level]" $logFile
    }
    # if level parameter is wrong or configuration is wrong I still want to see the 
    # message in log
    if ($levelPos -lt $logLevelPos -and $levelPos -ge 0 -and $logLevelPos -ge 0){
        return
    }
    $Line = "$Stamp $Level $Message"
    Write-Log-Line $Line $logFile
}