Ultimately I don't think there's one type of drag, or drag artist.
I think the vast majority are gay men who find comfort and kinship in outwardly displaying the feminity they probably struggled with as a child (other children, especially boys, aren't known for historically being particularly welcoming to boys who are effeminate). They probably did (and still do) receive a lot of abuse for non being your stereotypical manly man, and having 'feminine' interests like dance, sewing etc.
To then create and display an act that is based on extreme stereotypical feminity is in that sense an act of bravery. They're reclaiming something about themselves that they used to be belittled for, and forming a community.
Of course not all drag queens are gay and not all gay men like drag, but for those who do: have at it, I say.
I get why people think it's misogynistic (because they're often wearing boobs and talking about smelly fannies etc) and some women feel they're ultimately men punching down and mocking women for their mannerisms and bodies. I don't share this view. I would wonder how many people who have drag queens in their social circle would think what they're doing is mockery, rather than an exaggerated expression of one side of their character.
Society itself is misogynistic, otherwise 'feminine' men wouldn't face discrimination. Feminity and womanhood in general are widely seen as 'less' than masculinity and manhood. But I think that's a deeper issue, and accusing drag queens of perpetuating it is focusing energy on the wrong group. They don't need any more hate directed toward them. They're not the bad guys in this situation. If they want to dress as comically slutty women whose boobs keep bouncing fully out of their clothes and who keep having to pause their act to 'give birth' and then throw the baby into the audience because it's 'another black one' then... ok yes that particular example is very offensive but it's A) an extreme example and not representative of drag as a whole and B) one of the funniest things I've ever seen. The sort of 'funny because it's so offensive' humour that would go down like a lead balloon on here.
I don't know. I just think 'Women v Drag Queens' isn't a fight anyone is going to win. We both suffer because of the same system and we all know what that is.