I have taken a look at
this Phys.SE question Reflection positivity for general fields,
Wikipedia, and
this paper Reflection Positivity Then and Now by Jaffe,
which go over reflection positivity. While they all nicely explain the definition behind reflection positivity and provide some intuition behind what it is doing, I would like to know more of the motivation behind it and why it is so important.
From what I understand, we start with a Euclidean quantum field theory and would like to answer when is there an associated Minkowski quantum field theory (i.e. when can we "undo" Wick rotation). To do this we need to construct a Hilbert space by defining an inner product on the desired Minkowski space, and this requires positivity of the norm induced from this inner product. Reflection positivity is the requirement that this induced norm is positive.
Is this the correct idea behind reflection positivity? If so, how does inverting the sign of the time in each field achieve this? If not, what is the correct idea?