Add a button and LED in screen designer. In the water and abrasive M codes, add some if statements something like....
If LED is on, turn on water and abrasive....else....turn it off.
The block delete method works also, but if you have employees running the machine who don't have a don't have a good understanding of CNC and Mach3, a button that says "DRY RUN" and an LED beside it is a lot more intuitive.