I have an old Bausch & Lomb Stereo Zoom 4 on my bench. It does continuous zoom from 7x-30x which I find great for fine SMD soldering, PCB foil repairs, and inspection for small defects. There are various lighting options, but I use an attached circular fluorescent that surrounds the lens. I'd probably go with an LED if I were replacing it.
I have it attached to a boom arm that's clamped to the left corner of my work bench, so I can swing it in front of me when I need it, and out of the way when I don't. The arm is about 17" long, so it provides plenty of clearance for large circuit boards. There's more than 3" of clearance between the object and the lens, and it provides about 1" diameter view at 7x. I do have a lens that cuts the magnification to 1/2, but I've never really used it.