Hi tjs121.
Don't misunderstand, I'm not knocking you but 6 hours of research won't get you close to the answer you're looking for. I spent somewhere in the vicinity of 200 - 300 hours researching our first trip to Rangali so you can get an idea of how much time one can spend on this kind of thing. Mind you, in addition to spending time to choose the resort, it was not only to get an idea of overall value by looking at menus and getting to know the prices of everything but a whole bunch of other information as well, such as villa selection, excursions, spa treatments for the missus, etc etc.

Hopefully I can save you a lot of time with the following summary:
There are now quite a few resorts vastly more expensive than Rangali and a lot quite a bit cheaper, too. Pricewise, Rangali is situated in the middle and considering its brand (being a Conrad), size, number of villas, privacy, service (excellent placement in the 'rankings' as with the really luxurious properties you aren't really getting that much more for your money, service-wise), staff to guest ratio and sheer variation as far as food and beverage goes (not only 'fancy' food but reasonably priced options and remembering that it's the biggest F&B operation in the Maldives), it's right in the sweet spot and I'm sure many on this thread would agree. I'm not a millionnaire so I don't have money to burn but I have paid cash for a couple of trips out of the 5 we've been there. Those were in low season which is when you are thinking of going (makes sense to burn your points in high season and pay cash in low). If you have Hilton points then it's extremely good value, especially considering you can now get an OWV / OWB for the same number of points as a BV(beach villa). If you are paying cash in low season I am of the opinion that it's still excellent value. After they have renovated the OWVs I'm sure the cash prices of everything will be going up (as they will have renovated all villas by that time) and so I believe that before this happens (see my post I made about renovations a page or two back for expected completion dates) is the best time to go there on a cash stay.

That was the long answer. Short answer: get your butts over to Rangali while the going's good! You won't regret it in the least!

And if you need help with a dining plan (I know it sounds weird but believe me it's a good thing to do) let me know. Since you're not into fine dining per se I will recommend all the best standard options that will fill up your evenings with great tasting food for the best value for your buck. And if there's anything else you want to know, reading through the wiki and a few hundred pages of this thread is a must and if there are still questions unanswered we'll be happy to help!