Drag as an artform is extremely diverse in its expression. There are hyper-realistic queens like Farah Moan and Plastique Tiara, and there are more abstract artists like Juno Birch and Trixie Mattel.
Femininity is the common thread but the range of expression is limitless.
Also it's worth bringing up that a lot of times exaggerated drag makeup is similar to that of Las Vegas showgirls, designed so that those way in the back can see your features.
