diff --git a/src/__phutil_library_map__.php b/src/__phutil_library_map__.php
--- a/src/__phutil_library_map__.php
+++ b/src/__phutil_library_map__.php
@@ -1528,6 +1528,7 @@
     'HeraldApplicationActionGroup' => 'applications/herald/action/HeraldApplicationActionGroup.php',
     'HeraldApplyTranscript' => 'applications/herald/storage/transcript/HeraldApplyTranscript.php',
     'HeraldBasicFieldGroup' => 'applications/herald/field/HeraldBasicFieldGroup.php',
+    'HeraldBoolFieldValue' => 'applications/herald/value/HeraldBoolFieldValue.php',
     'HeraldBuildableState' => 'applications/herald/state/HeraldBuildableState.php',
     'HeraldCallWebhookAction' => 'applications/herald/action/HeraldCallWebhookAction.php',
     'HeraldCommentAction' => 'applications/herald/action/HeraldCommentAction.php',
@@ -7633,6 +7634,7 @@
     'HeraldApplicationActionGroup' => 'HeraldActionGroup',
     'HeraldApplyTranscript' => 'Phobject',
     'HeraldBasicFieldGroup' => 'HeraldFieldGroup',
+    'HeraldBoolFieldValue' => 'HeraldFieldValue',
     'HeraldBuildableState' => 'HeraldState',
     'HeraldCallWebhookAction' => 'HeraldAction',
     'HeraldCommentAction' => 'HeraldAction',
diff --git a/src/applications/herald/adapter/HeraldAdapter.php b/src/applications/herald/adapter/HeraldAdapter.php
--- a/src/applications/herald/adapter/HeraldAdapter.php
+++ b/src/applications/herald/adapter/HeraldAdapter.php
@@ -1071,6 +1071,26 @@
       $condition->getValue());
   }
 
+  public function renderFieldTranscriptValue(
+    PhabricatorUser $viewer,
+    $field_type,
+    $field_value) {
+
+    $field = $this->getFieldImplementation($field_type);
+    if ($field) {
+      return $field->renderTranscriptValue(
+        $viewer,
+        $field_value);
+    }
+
+    return phutil_tag(
+      'em',
+      array(),
+      pht(
+        'Unable to render value for unknown field type ("%s").',
+        $field_type));
+  }
+
 
 /* -(  Applying Effects  )--------------------------------------------------- */
 
diff --git a/src/applications/herald/controller/HeraldTranscriptController.php b/src/applications/herald/controller/HeraldTranscriptController.php
--- a/src/applications/herald/controller/HeraldTranscriptController.php
+++ b/src/applications/herald/controller/HeraldTranscriptController.php
@@ -447,8 +447,9 @@
   }
 
   private function buildObjectTranscriptPanel(HeraldTranscript $xscript) {
-
+    $viewer = $this->getViewer();
     $adapter = $this->getAdapter();
+
     $field_names = $adapter->getFieldNameMap();
 
     $object_xscript = $xscript->getObjectTranscript();
@@ -487,29 +488,21 @@
     }
 
     if ($object_xscript) {
-      foreach ($object_xscript->getFields() as $field => $value) {
-        if (isset($field_names[$field])) {
-          $field_name = pht('Field: %s', $field_names[$field]);
+      foreach ($object_xscript->getFields() as $field_type => $value) {
+        if (isset($field_names[$field_type])) {
+          $field_name = pht('Field: %s', $field_names[$field_type]);
         } else {
-          $field_name = pht('Unknown Field ("%s")', $field_name);
-        }
-
-        if (!is_scalar($value) && !is_null($value)) {
-          $value = implode("\n", $value);
+          $field_name = pht('Unknown Field ("%s")', $field_type);
         }
 
-        if (strlen($value) > 256) {
-          $value = phutil_tag(
-            'textarea',
-            array(
-              'class' => 'herald-field-value-transcript',
-            ),
-            $value);
-        }
+        $field_value = $adapter->renderFieldTranscriptValue(
+          $viewer,
+          $field_type,
+          $value);
 
         $rows[] = array(
           $field_name,
-          $value,
+          $field_value,
         );
       }
     }
diff --git a/src/applications/herald/field/HeraldAlwaysField.php b/src/applications/herald/field/HeraldAlwaysField.php
--- a/src/applications/herald/field/HeraldAlwaysField.php
+++ b/src/applications/herald/field/HeraldAlwaysField.php
@@ -23,7 +23,7 @@
   }
 
   public function getHeraldFieldValueType($condition) {
-    return new HeraldEmptyFieldValue();
+    return new HeraldBoolFieldValue();
   }
 
   public function supportsObject($object) {
diff --git a/src/applications/herald/field/HeraldField.php b/src/applications/herald/field/HeraldField.php
--- a/src/applications/herald/field/HeraldField.php
+++ b/src/applications/herald/field/HeraldField.php
@@ -105,11 +105,16 @@
   }
 
   public function getHeraldFieldValueType($condition) {
+
+    // NOTE: The condition type may be "null" to indicate that the caller
+    // wants a generic field value type. This is used when rendering field
+    // values in the object transcript.
+
     $standard_type = $this->getHeraldFieldStandardType();
     switch ($standard_type) {
       case self::STANDARD_BOOL:
       case self::STANDARD_PHID_BOOL:
-        return new HeraldEmptyFieldValue();
+        return new HeraldBoolFieldValue();
       case self::STANDARD_TEXT:
       case self::STANDARD_TEXT_LIST:
       case self::STANDARD_TEXT_MAP:
@@ -176,6 +181,14 @@
     return $value_type->renderEditorValue($value);
   }
 
+  public function renderTranscriptValue(
+    PhabricatorUser $viewer,
+    $field_value) {
+    $value_type = $this->getHeraldFieldValueType($condition_type = null);
+    $value_type->setViewer($viewer);
+    return $value_type->renderTranscriptValue($field_value);
+  }
+
   public function getPHIDsAffectedByCondition(HeraldCondition $condition) {
     try {
       $standard_type = $this->getHeraldFieldStandardType();
diff --git a/src/applications/herald/value/HeraldBoolFieldValue.php b/src/applications/herald/value/HeraldBoolFieldValue.php
new file mode 100644
--- /dev/null
+++ b/src/applications/herald/value/HeraldBoolFieldValue.php
@@ -0,0 +1,30 @@
+<?php
+
+final class HeraldBoolFieldValue
+  extends HeraldFieldValue {
+
+  public function getFieldValueKey() {
+    return 'bool';
+  }
+
+  public function getControlType() {
+    return self::CONTROL_NONE;
+  }
+
+  public function renderFieldValue($value) {
+    return null;
+  }
+
+  public function renderEditorValue($value) {
+    return null;
+  }
+
+  public function renderTranscriptValue($value) {
+    if ($value) {
+      return pht('true');
+    } else {
+      return pht('false');
+    }
+  }
+
+}
diff --git a/src/applications/herald/value/HeraldFieldValue.php b/src/applications/herald/value/HeraldFieldValue.php
--- a/src/applications/herald/value/HeraldFieldValue.php
+++ b/src/applications/herald/value/HeraldFieldValue.php
@@ -36,4 +36,8 @@
     return array();
   }
 
+  public function renderTranscriptValue($value) {
+    return $this->renderFieldValue($value);
+  }
+
 }
diff --git a/src/applications/herald/value/HeraldTextFieldValue.php b/src/applications/herald/value/HeraldTextFieldValue.php
--- a/src/applications/herald/value/HeraldTextFieldValue.php
+++ b/src/applications/herald/value/HeraldTextFieldValue.php
@@ -19,4 +19,25 @@
     return $value;
   }
 
+  public function renderTranscriptValue($value) {
+    if (is_array($value)) {
+      $value = implode('', $value);
+    }
+
+    if (!strlen($value)) {
+      return phutil_tag('em', array(), pht('None'));
+    }
+
+    if (strlen($value) > 256) {
+      $value = phutil_tag(
+        'textarea',
+        array(
+          'class' => 'herald-field-value-transcript',
+        ),
+        $value);
+    }
+
+    return $value;
+  }
+
 }
diff --git a/src/applications/herald/value/HeraldTokenizerFieldValue.php b/src/applications/herald/value/HeraldTokenizerFieldValue.php
--- a/src/applications/herald/value/HeraldTokenizerFieldValue.php
+++ b/src/applications/herald/value/HeraldTokenizerFieldValue.php
@@ -64,27 +64,46 @@
   }
 
   public function renderFieldValue($value) {
+    return $this->renderValueAsList($value, $for_transcript = false);
+  }
+
+  public function renderEditorValue($value) {
+    $viewer = $this->getViewer();
+    $value = (array)$value;
+
+    $datasource = $this->getDatasource()
+      ->setViewer($viewer);
+
+    return $datasource->getWireTokens($value);
+  }
+
+  public function renderTranscriptValue($value) {
+    return $this->renderValueAsList($value, $for_transcript = true);
+  }
+
+  private function renderValueAsList($value, $for_transcript) {
     $viewer = $this->getViewer();
     $value = (array)$value;
 
+    if (!$value) {
+      return phutil_tag('em', array(), pht('None'));
+    }
+
     if ($this->valueMap !== null) {
       foreach ($value as $k => $v) {
         $value[$k] = idx($this->valueMap, $v, $v);
       }
+
       return implode(', ', $value);
     }
 
-    return $viewer->renderHandleList((array)$value)->setAsInline(true);
-  }
+    $list = $viewer->renderHandleList($value);
 
-  public function renderEditorValue($value) {
-    $viewer = $this->getViewer();
-    $value = (array)$value;
-
-    $datasource = $this->getDatasource()
-      ->setViewer($viewer);
+    if (!$for_transcript) {
+      $list->setAsInline(true);
+    }
 
-    return $datasource->getWireTokens($value);
+    return $list;
   }
 
 }