I don't have much experience with microscopes, but as for magnification, I think 10x is plenty for doing SMD work, and for inspection, you may be able to justify a bit more, but probably no more than 15-20x.
If you are soldering under the microscope, 10X or less is probably best. 10x is also generally plenty for inspection, but the extra detail of a little more magnification could be useful in some circumstances or just generally interesting. I certainly think 45x or more is way overkill for SMD work. An 0201 part is .6mm long, so at 10x the detail would be comparable to a 6mm long part by eye, like a through hole 1/4W resistor - plenty to inspect a solder joint or look for damage on the part. And unless you have the fancy pick and place equipment to do parts that small, you're unlikely to even need to inspect such tiny parts.