I'm not sure that it does do what you want it to.
From the postgres documentation:
This function calculates the Levenshtein distance between two strings.
It doesn't sound like this would be suitable for determining if a word is present in a paragraph of text. It's hard for me to test this, however, because it's not installed on my postgres server.
The docs certainly make no mention of using it on tsvector columns.
Unless it can do fuzzy search within a paragraph of text, I'm not sure it's really suitable for a watson backend. This is particularly so if it can't operate on an index.