It's nice to have articles like this to give structure to the conversation, but there's no single solution. Python has default levels of; debug, info, warning, error, and critical, but doesn't really give any guidance to what each means. At one company we tried to create some structure, but 3rd party libraries would flood messages at the "wrong" logging level.
I like these 5-levels and the 3-levels you talk about seem like a paired down version that reenforces what each level means.
To illustrate the "no single solution," we tried to use logging for command line output, neither of those systems really has a level for that. We probably should have created a new level between INFO and WARNING because of chatty libraries.
In practice I've found the DEBUG and TRACE are usually best added to code when troubleshooting. When you're writing the code you don't have a good idea what info you'd need when troubleshooting, so it's overly verbose but still missing what you'd want. When trying to stash all logging either locally or centrally (because adding logging and re-running isn't always an option) it can affect performance.