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40W is on the low side. it’s fine for small boards/repairs/projects. here’s a thing: wattage doesn’t exactly determine how hot the iron can get (900F is plenty hot), more how quickly it can heat up - this translates to temperature consistency when working with bigger parts / many parts in a row… or tasks like desoldering a big part.
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it is probably not really temp-regulated, just a voltage conttrol. if you are gonna solder lots of stuff, it’s really worth $100 to get a regulated solder station - it will be easier and over time will likely save some parts from destruction.
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if it really came with an enormous chisel tip, that’s not good for electronics. you want a chisel tip closer to, i dunno, 1/16" wide or something. (pointed tip is a little less useful.) this is the cheap and effective upgrade.
of course tools aren’t everything, and a simple tool will get the job done. practice is probably the main factor.
re: desoldering pots, it’s just hard. legs are already trimmed and will get messed up more. there’s a real risk of damaging traces. so “don’t do it” is pretty sound advice.
if you are gonna do it, a solder vacuum is a great tool. but it will amplify the risk of lifting pads. and like anything else it takes practice to get good at. also, they are not made equal. for some reason a thing called SOLDAPULLT appears to be universally well regarded. (it was the only usable one in our shop when i was growing up.)
as far as tips or tricks, all i’ve got is that it’s sometimes (counterintuitively) helpful to use large blobs of solder to hold heat. 1) it can actually make it easier to vacuum a leg. 2) you may be able to keep all the joints “wet” by going quickly around, and then just lift the part out. this technique is easier with two irons and a helper. in principle it’s the poor man’s solder pot.