Hi Jas,
Not everyone who is trans buys into this wonderful golden age of non-judgemental sex-positivity, in which a whole style and mode of representation can be co-opted to fulfill some sort of strange fantasy. What does it say about how people perceive the 'objects' that they are fetishising (sorry, this is semiotics; it seems as though the signified has been slid under the signifier, here), if they can switch modes between a bedroom sex-fetish and then pick up their regular, male-privilege existence to go out into the world and make a killing?
On the other hand, despite there being something of a cringe element (Ru Paul's Drag Race, which is cringe because the general public get to conflate drag-parody with transgender expression), though also - in the correct context, drag could be fun.
I should qualify the second paragraph - if I dress 'gender affirmative'; something I only did once I'd been on transition HRT for nearly a year, it is not all satin, sequins, high heels and such parody/mockery stuff. I don't own any of that get-up and nor am I ever likely to.