Frank,
While it is common to treat Position at MMC or LMC as an axis/center plane/center point control with a potential bonus tolerance, it might be equally common to treat such a tolerance spec as a surface control with a virtual condition boundary (as I think you are well aware of, based upon some of your other posts). If Position at (M) or (L) really becomes a surface control, then I think it would be better to apply Profile. This becomes debatable, I readily admit, given the current methods of applying profile...
I think one of the things that is most in need of a change in the language is this dual interpretation for Position... I sometimes say there is the common interpretation (axis), then the one that overrules it (surface). I think the situation would be much more straightforward if Position at RFS were always an axis/center plane/center point control, and if there was a desire to impose a tolerance that would ultimately be a surface control {Position at (M) or (L)}, then Profile of Surface, with some enhanced methods to allow exactly what is desired for the +material and the -material boundaries, would instead be applied. Such a change will require a pretty significant Y14.5 revision, but I think we should have only one interpretation for any tolerance spec.
Since Position at (M) or (L) should always be specified with a zero tolerance value (with all the functionally acceptable tolerance moved to the size tolerance), the requirement boils down to is the virtual condition boundary and the local size requirement portion of the size tolerance. With the approach that I would like to propose each of these surface controls would be provided by a slightly revised approach with Profile.
Another thing I'd like to mention is that a cone with a very small included angle may function as a feature of size, since it is very nearly a cylinder, but a cone with a very large included angle will not. With a very large included angle, 178 degrees for instance, the feature will function more like a planar surface than as a feature of size (that behavior being the ability to constrain a mating envelope, which a nearly planar surface really can't do, in practical sense). So, just as with partially opposed planar surfaces, where the line is drawn between these features being "of size", or not has be be drawn by the designer. For a conical feature, or wedge-shaped (wedgical? :^)) feature, this depends upon the included angle, and with partially overlapping parallel planar surfaces this depends upon the amount of overlap. I don't see these two cases of "designer decides how the feature functions, so therefore how the feature should be toleranced" as likely to be discretely defined by any standard.
Dean