I'm curious as to why some who would otherwise want to be known as conservative Republicans would find Ron Paul so repulsive. He lives and breaths what you seek, so why do you find him unacceptable (please cite policy references and not his relative chances to be the nominee)?
Ed: He's not repulsive to me, but I second Jayhawk's concern about isolationism on Paul's part. Particularly, his pledge to bring home our troops from Iraq and precipitously end our effort there is troublesome. With the AQ fleeing Iraq into Afghanistan and Pakistan, and the unsettled nature of our understanding of what Iran is up to, that would send the wrong message at the wrong time. Jihadists do not negotiate and they use any sign of weakness to their advantage.
Secondly, on a practical basis, Paul would have trouble governing because he has no libertarian party to work with in Congress who share his strict construction of conservatism. In our political system, coalitions are formed during the election process, not afterward. When you hear folks claim the politicians are beholden to "special interests" they are referring to those coalitions. I don't see how Paul can form coalitions around his agenda to diminish government; it didn't work for Newt Gingrich and the Contract for America which wanted to rid us of the Education Department, for example.
Like Ross Perot, Paul, with his sizable warchest, could do a lot of damage to Republicans if he ran as a third party candidate. I hope he doesn't. Then, again, the Democrats have to worry about Michael Bloomberg doing the same