I sincerely agree with Lindy. Add preservative to the product at the time of manufacture, not to the water or any other separate ingredient in advance.
If I did decide to add preservative to my distilled water for whatever reason, I would use that prepared water solution immediately and throw out any left overs when I was done. I would never store the water-preservative solution for any length of time.
I would be highly unlikely to do that, because I use a "heat and hold" method of making lotions. (I realize you are making a body spray.) In this procedure to make a lotion, you heat your oil phase (oils, butters, thickener, emulsifier) and your water phase (water, glycerin, other heat stable ingredients) to 160 deg F (70 deg C) and hold them at that temp for 20 minutes. After that, the warmed oil and water phases are blended together to emulsify them, then the lotion is cooled and fragrance, preservative, and other heat sensitive ingredients are added.
The "heat and hold" method improves the emulsification process and sanitizes the ingredients. Most preservatives are not heat stable, however, so you have to wait to add them until the lotion cools down. I add my preservative (Germall Plus) after my lotion cools to 120 deg F (50 deg C). Depending on the preservative you are using, you might have to cool your lotion even more. If you add the preservative to the water, you will inactivate the preservative in the heating step, so there are no advantages to doing that.
Even if you don't use "heat and hold" to make your products, the preservative diluted in water will degrade due to hydrolysis. (Hydrolysis is when water reacts with other chemicals.) The preservative will also degrade with exposure to light -- there's a reason why preservatives are packaged in dark containers. You could quite easily end up using a totally ineffective preservative in your products, and you won't know your preservative isn't working until it's too late to do anything about it.
I also agree with Lindy that just because someone writes something intriguing in a blog or wherever on the internet, doesn't mean it is good practice. If information cannot be confirmed by other reputable sources, I am skeptical. So kudos to you for asking your question here. I hope our comments have been helpful!