But who would direct it? Who would star in it?
My guess is only really strong liberal types like Matt Damon would really turn down a role in a Reagan movie if offered market value. It's being made by people behind FOX Faith films though.
The reason the production values are so cheap on these kind of Christian Right films is because their gross is usually only tops around $35 mil with their audience... over one weekend. It's only profitable if the budget is $10 mil or so.
A broadbase appeal Reagan movie would probably make $150 mil at the box office, but there's no one who is willing to fund a movie about Reagan that isn't factual and has an arc, because a story arc requires things to go bad for awhile for the main character and for him to not always be right in every decision.