In my mind, a "Fuzzy" search is somewhere between a "Precise" search and a "Smart" search. It allows for imprecise wording and misspellings, but it does not do an an AI-based assessment of content. Fuzzy is a type of search, not a format of the display of search results, which is what Passages, Aligned, Grid and Analysis are.
Since we now have the option of how precise we want the search to consider the search terms, it would make sense to move the Fuzzy search to a third option in the Precise and Smart search dropdown.