I believe a trick for succesful/easy fairing is to put a sufficient thick layer of faring compound on to make sure you're able to sand the whole surface down to the required end result in one go. Much easier than to start with a thin layer, filling low spots, sanding, filling more low spots, etc...In my experience filling and sanding low spots is difficult without messing up the surrounding area which previously was fair.
Still a lot of sanding to do before this hull side is ready....
After a while I found myself only working with the four tools below: a bigish longboard (self made of cutof sandwich panel with paper glued with contact glue), a smaller and less wide longboard from a marine supplier shop, a brush and a drywall-trowel (hope that's the english word) to put the fairing compound on.
The drywall trowel works really well: it's much thicker (stiffer!) than the normal iron squeeges and after some practice it's easy to put on a layer of fairing putty with a consistent thickness. I only use metal squeeges - they're easy to clean with just a paint heat gun and a scraper. On the first hull half I have used the 'ridge' method to put the fairing compound on, but on the other half I'll probably skip that step and just trowel a layer on.