How to make BodyVelocity more accurate?

Your problem isn't that it's inaccurate, you setting the velocity to the position where you click. Velocity is speed with a direction. It doesn't go to a position if you give it a position.

local speed = 500 --add a variable speed in your code, it's how fast woosh moves

Woosh.velocity = CFrame.new(Player.Character.Torso.Position, Mouse.Hit).lookVector * speed --this is line 45

When you create a cframe with two vector3s it creates a CFrame with the position of the first vector, rotated to face the second. The lookVector of the cframe is the front facing direction of the cframe (it's a normalized vector, it's magnitude is between 0 and 1)

This is kind of advanced and I taught myself this math so it's kind of hard to explain. But I hope you got the gist of it

Your finished code

local Player = game.Players.LocalPlayer
local Mouse = Player:GetMouse()
local speed = 500
enabled = true
Mouse.KeyDown:connect(function(key)
	if not enabled then
       return
    end 
	if key == "z" then

        local Shot = Instance.new("Part", workspace)
        Shot.Name          = "Shot"
        Shot.BrickColor    = BrickColor.new("White")
        Shot.Transparency  = 0
        Shot.Anchored      = false
        Shot.CanCollide    = false
        Shot.TopSurface    = Enum.SurfaceType.SmoothNoOutlines
        Shot.BottomSurface = Enum.SurfaceType.SmoothNoOutlines
        Shot.Shape         = ("Ball")
        Shot.Size          = Vector3.new(2, 2, 2)
        Shot.CFrame        = Player.Character.Torso.CFrame*CFrame.new(0,0,0)
        Shot.formFactor    = Enum.FormFactor.Custom

        local AirEffect     = Instance.new("Part", Shot)
        AirEffect.Name          = "Shot"
        AirEffect.BrickColor    = BrickColor.new("White")
        AirEffect.Transparency  = 0.5
        AirEffect.Anchored      = false
        AirEffect.CanCollide    = false
        AirEffect.TopSurface    = Enum.SurfaceType.SmoothNoOutlines
        AirEffect.BottomSurface = Enum.SurfaceType.SmoothNoOutlines
        AirEffect.Shape         = ("Ball")
        AirEffect.Size          = Vector3.new(2.5, 2.5, 2.5)
        AirEffect.formFactor    = Enum.FormFactor.Custom
        AirEffect.CFrame        = Player.Character.Torso.CFrame*CFrame.new(0,0,0)       

        local W = Instance.new("Weld")
        W.Part0 = AirEffect
        W.Part1 = Shot
        W.Parent = AirEffect
        W.C0 = CFrame.Angles(0, 0, 0)   

		local Woosh = Instance.new("BodyVelocity")
		Woosh.maxForce = Vector3.new(math.huge, math.huge, math.huge)
		Woosh.velocity = CFrame.new(Player.Character.Torso.CFrame.p, Mouse.Hit.p).lookVector * speed
		print(CFrame.new(Player.Character.Torso.CFrame.p, Mouse.Hit.p).lookVector)
		Woosh.Parent = Shot

	end
end)