So it can do voice calls?
Not over meshtastic, and not with the meshtastic firmware. The T-Watches have WiFi & Bluetooth, and are designed to be programmable. So the speaker and microphone could be used by custom firmware to do whatever, like talk over WiFi or answer calls on your phone.
Was I right about just getting two watches for communication?
If all you need is simple text based messaging then yep.
Is there a good crash course on understanding this stuff?
There's quite a few resources and videos on meshtastic. For the T-Watches themselves, AFAIK not really.