API Gateway REST API Logging - Failure to create log group on all but the first run

[pbryant-phew]

I'm running serverless v3.38.0.

With this configuration (and corresponding API Gateway REST API config):

provider:
  logs:
    restApi: true

... we get the following failure on all but the very first ever deployment to an account:

CREATE_FAILED: ApiGatewayLogGroup (AWS::Logs::LogGroup)
Resource handler returned message: "Resource of type 'AWS::Logs::LogGroup' with identifier '{"/properties/LogGroupName":"/aws/api-gateway/redacted-log-group-name"}' already exists."

Like it says, the log group already exists. It already exists because the first serverless deployment created it, of course. For all the Lambda log groups, it seems to (correctly) just use the existing groups it previously created.

Am I missing something here? I can see people complaining about the same or similar issues, but I can't see any official comment from serverless on this, and it isn't a documented limitation AFAICS (please correct me).

This can only be a bug, right?