Furthermore, and this should go without saying, no matter what your company pays for, you also must assume that Slack themselves possess god mode across all channels, except maybe "on prem" implementations if that's what they mean by enterprise/discovery api.
When a feature like this is in the loop at all, how can any ordinary end user presume any other level of trust?
Meanwhile, on another channel, under the Customize Slack menu:
> Compliance Exports
> Compliance Exports are not enabled for your team. Learn more and apply for Compliance Exports.
Looks like not everyone is allowed to access every feature or inspect all settings on every Slack channel they belong to.