The razor blade trick works better when the paint is nice and soft. You want it to have a "rubbery" consistency, hard enough so it cuts smooth but not so hard it will chip. Once it sets up hard you can just sand it down without cutting it first, I just use a small, tightly rolled piece of sandpaper to knock down the run without getting too much of the surrounding paint. But don't use the rolled up piece too long, otherwise you'll sand a low spot into the paint. Once you get it close just block sand a small area, I usually start with 1200 and then use a progression of finer grits up to 2000.