Scott,
For my stern anchor I use a smaller Bruce that I already had. 10' of 1/4" chain and about 150' of 1/2" nylon 3 part all coiled in a milk crate. Keep it light enough to carry and manually retrieve.
Anchoring procedures depend alot on conditions at the time and expected while at anchor. I'd like to have my bow pointed out, so I'd manually drop my stern anchor shallow and pay out all the line with a buoy on the end. Drop it over. Go forward and lower the bow anchor, backing to the stern buoy. Pick up buoy and bring in appropriate amount of line, then tighten up bow.
Or, if it's really calm, drop the bow, back in as far as you can, drop the stern and move forward. Probably won't get as much scope but with light boats, light current and winds, we'd probably be okay.
Bob Cat