Her support of the LOST was in relation to the massive Russia and Canada exploration of the Ar tic ocean. AK was being held out of the process because of the USA not being in the LOST. Since Congress didn't pass LOST large sections of the artic seabed have now been given to Russia and Canada “legally” which we will have to fight over if we want to mine them.
I'm not a big fan of LOST but I can understand Palin’s position on it. It would have been what was best for AK not so much the USA as a whole. Different hats and all that...
Neither has any basis on Palin being a Reaganite. she also doesn't agree with him on amnesty. however she shares his economic policies , peace through strength, american exceptional-ism, conservative values, federalism, and constitutional limits of government, view on Israel. Lybia, small government, low regulation etc.