Hi Patrick,
Thank you for the report.
On first sight as you said, more do not interpreter the colors correctly.
I did
git config --global core.pager 'pg’
git log --color > log_pg
git config --global core.pager 'more’
git log --color > log_more
diff -s log_more log_pg
Files log_more and log_pg are identical
And it looks that the problem in more, not in git.
We are looking into the problem, but probably it will take some time to find how it can be avoid.
Thanks,
Sergey