I don’t use stencils yet - want to some day - but use the solder paste in syringe dispenser:
https://www.amazon.com/MG-Chemicals-Solder-Paste-Clean/dp/B00TIC895Y
So far it works great for both hot air rework and reflow oven. Maybe slower, but the small 1.2oz/34g seems to go a long way…
I always clean w/ some denatured or rubbing alcohol before applying paste.
My recommended hotair solder station is similar to one of these:
https://www.amazon.com/Zeny-Soldering-Station-862D-Nozzles/dp/B00W1AG0FG
I have a similar one to this. I think i got it for about $100 a few years back - best money spent on DIY in a long time! Recommend you don’t misplace/lose the small nozzles to focus hot air when doing small smd work. You can also use kapton tape (sp?) to block/fence-off areas you don’t want to heat and reflow. Important to keep airflow down so you don’t reflow components you don’t want - and the lower airflow to avoid pushing those working components off their pads when replacing the defective component! The tape can help block and hold stuff in place.
HTH - GL!