If I didn't already have mine I'd be seriously tempted to make something functionally similar. Start by strapping one of the short, inexpensive, import bar levels to a sine bar style pivoting plate on a flat base. Add a vertical screw to adjust the pivot. For quick and dirty I'd probably have proper full circle pivot pins at each end of the bar. Then drill and tap the one at the moving end for the screw. Put another pivot in the base at the moving end and drill part way through to form a location for the end of the screw. 5° movement should be plenty. Being able to go an extra couple of degrees below horizontal.
Proper calibration like mine is handy but only necessary if you are using it to measure things.
For levelling the screw adjuster is just there to keep the bubble in view whilst you get close. Finish off by switching end for end until the bubble stays in the same, or near enough the same, place. Always remember that the objective is to get the thing bolted down, or standing on its own feet if its a bigger beast, with no extraneous stress on the bed. The level just tells you when making an adjustment or tightening a bolt is straining things.
100 mm long levels seem to be in the £30 range so could be sat on a pivoting bar from 4 to 6 inches long. Close to 1° per turn is 10 tpi for 6", 11.5 tpi for 5" and 14 tpi for 4" between pivot and screw. I'd probably go for 11 tpi on 5.22" between pivots as being very close as one of my lathes has 11 tpi on the screw cutting box. Or if you are metric 2 mm pitch on 115 mm between pivot and screw is very close to 1°.
If you do go that way don't be tempted by the 0.02 mm / m ones. Unless you can stop breathing!
Clive