Drag soldering works really great, but you need to have enough solder on the tip. That's why big tips work so well. Many manufacturers also offer "mini-wave" tips with decent-sized reservoir for molten solder.
Here's how Pace's mini-wave tip works. Note how big the tip is compared to the chip
However, my favorite home-shop method of soldering SMD components is hot-air reflow. I just tin the pads, flux the board, place components, and reflow. No need to mess with stencils, works great each time, is very quick, and with a little bit of practice gives really professionally looking board.