Transaction log uses (not backups of transaction logs)

Working with an interesting scenario that quite frankly, I have not had the time to test, and would love some expert insight. I have a question concerning transaction logs, and their possible use for recovery (or anything at all for that matter). Imagine that you are using VSS to take application consistent snapshots of volumes holding both .mdf and .ldf files for the database (storage array driven). The questions I have is: Given that only VSS snapshots are available (point in time), I am wondering if there is any use in having a database in full recovery (assuming there was a way of truncating the transaction logs as well). So, the setup is: database is in full recovery -> VSS snapshot of database -> truncate transaction logs. Can the transactions in the log be of any use to me if I were to mount a clone of the database?