"...Can't we also slow saponification by simply just adding more water to any recipe (regardless of the composition of the recipe)? ..."
Um, well, yes, I think that's true. Isn't that what I said in the quote you quoted?
It's important to remember the rate of saponification can be greatly affected by other factors as well, so just changing the water content might not have as much of an effect as you might think, unless you are really careful to hold all other factors the same. Two important ones are the intensity of mixing and the soap batter temperature.
You can take this idea of increasing the water content to an illogical extreme. If you drop the lye concentration too low, the high water content will prevent the soap batter from emulsifying properly, so it's hard to keep the fat and lye solution mixed. Soap made with a 25% lye concentration is usually okay, but emulsion failures frequently happen when the lye concentration drops to around 15%.
Also there's a paradoxical effect at very high lye concentrations (low water). It seems NaOH solutions near saturation (near or at 50% lye concentration) can also slow the rate of saponification. I'm not sure if this happens for all types of soap recipes or just for some, and I can't explain why this happens, but it does happen.
We explored this idea in an SMF challenge a few years back -- I think LionPrincess was the host and we were looking at the patterns and textures that happen when soap of varying water contents are swirled together.
So I'd say the rule of thumb that says "more water = slower saponification" and vice versa might be useful within the range of 25% to 40% lye concentration. Above and below that, this rule of thumb doesn't necessarily apply.