Is the stereo microscope such a common need for electronic labs?
Yes. There are some really good threads about this already.
The highlights are:
1) Get a stereo head with zoom. Magnifiers (glasses, or the sheet kind) will make you go crazy if you have to use it for more than 5 minutes. Trinocular is totally optional and you probably won't use it much if you don't have to send images of production defects to assembly houses on a regular basis or something like that. 0.7x to 4x zoom is a good range for electronics use with 10X eyepieces. You will probably spend most of your time at the lower magnification anyway. Make sure it's an inspection microscope with at least a couple inches working distance so you can solder under it and not damage the under side.
2) Get a decent stand and focus rack. Boom stand if you can find one. Lots of the Ebay auctions are for just the head which is worthless unless you are a machinist and can make a stand and focus rack (or find a stand and focus rack separately). You need a stand and focus rack. The boom stands are heavy so if you can find something locally like at a swap meet or local seller that would probably be better and save shipping.
3) Get a ring light. The cheap ones work fine. I like the LED one I got that has brightness adjustment better than the florescent ones, but there was some discussion about this on another thread.
I'm sure someone will point some out here, but I haven't seen an old brand of stereo inspection microscope head that was a total piece of junk and wouldn't work in a home lab. Assuming they aren't broken, they pretty much all work as expected with some like Leica and Nikon working a bit better than the others. You just have to pay more for the higher quality. I got an old AO scope from Ebay for 80 bucks USD a while back and I use it all the time at home with no issues.
If you wanted to go New, the Amscope systems are really good value. I use one of these at work all the time.
If you can't wait for a super deal, something around 200USD is pretty doable with some searching.