One interesting thing to note from your list of potential spellings is that there's only 3 Soundex values for the contained list (if you ignore the outlier 'Kazzafi')
G310, K310, Q310
Now, there are false positives in there ('Godby' also is G310), but by combining the limited metaphone hits as well, you can eliminate them.
<?
$soundexMatch = array('G310','K310','Q310');
$metaphoneMatch = array('KTF','KTHF','FTF','KHTF','K0F');
$text = "This is a big glob of text about Mr. Gaddafi. Even using compound-Khadafy terms in here, then we might find Mr Qudhafi to be matched fairly well. For example even with apostrophes sprinkled randomly like in Kad'afi, you won't find false positives matched like godfrey, or godby, or even kabbadi";
$wordArray = preg_split('/[\s,.;-]+/',$text);
foreach ($wordArray as $item){
$rate = in_array(soundex($item),$soundexMatch) + in_array(metaphone($item),$metaphoneMatch);
if ($rate > 1){
$matches[] = $item;
}
}
$pattern = implode("|",$matches);
$text = preg_replace("/($pattern)/","<b>$1</b>",$text);
echo $text;
?>
A few tweaks, and lets say some cyrillic transliteration, and you'll have a fairly robust solution.