I don't see the "mischaracterization". I have no love for Paul but that's Reagan's policy as I remember it.
Rand Paul got it wrong by leaving out a a crucial element of Reagan’s policy, which was having a strong military. That is what “peace through strength” means—the term does NOT refer to diplomacy.
As long as we have the military might to back up our words, we can be diplomatic. Without that might, diplomacy only serves to give time to the enemy to plan and prepare their attack.
He conveniently leaves out all of Reagan’s interventions NONE of which Ron approved of and neither would have Rand. Rand is a libertarian through and through. Reagan was not