FYI in my experience the SRA FAST CHIP SMD Removal Alloy is an invaluable tool for all my solder rework, not just SMD chips.
On one rework occasion I needed to move a capacitor that I had already soldered and lead-trimmed.? I tried applying solder flux then using solder wick over each PCB bottom pad but couldn't clear out enough solder to remove the capacitor.? Using the "SRA Fast Chip Removal kit" I applied solder flux, then applied a drop of the low temperature solder alloy from the kit over both pads, then quickly applied solder wick and heat.? It sucked the solder out onto the wick allowing me to remove the capacitor undamaged!
I've had similar experience with putting solder in a nearby pad instead of where I wanted to.? Same trials as above with similar results.? It sucked the thru-hole clean of the undesired solder onto the solder wick.
I paid $10 for this kit on Amazon, which comes with about 30" of low temp solder plus a small container of solder flux.? Since I've only used a drop of the solder of each pad I've reworked, it doesn't seem that expensive to me.? The hassle-free, undamaged PCB Pads, thru-holes, and components makes this my "go-to" solder rework option.