I use an old Olympus stereo zoom microscope at home, and a Chinese version at work. Roughly 7 - 40 X magnification. The more working distance you can get the better. The Olympus needed a "mask" added to keep solder smoke out of the optics, I made it out of cardboard.
I have used Weller ESD2002 stations with EC1302B pencil irons for years, but switched to a WSL with WMP iron at work some time ago, and just snagged one of these on eBay for the home shop. Needle point tips are available, and the WMP has a 65 W heater, so one iron can just about do it all.
Jon