The development and utilization of wave energy, heralded as a potential leading source of clean energy worldwide, have garnered considerable attention from the global research community. Among the diverse array of wave energy converters (WECs), the raft-type WEC stands out for its potential to efficiently harness and utilize wave energy, offering high energy conversion rates and a broad frequency response range. This paper delves into the evaluation of a raft-type WEC’s performance in various mooring configurations under different wave conditions. Our analysis primarily focuses on the dynamics of the two-body WEC using a weakly nonlinear three-dimensional potential flow solver. The considered device comprises two interconnected floating barges, incorporating a power take-off system at the hinged connection point. This investigation involves the use of equivalent linear damping to model the power take-off (PTO) system. To validate the numerical simulations, we conduct physical model experiments with WECs. Additionally, the coupling of the raft-type WEC’s dynamics and its mooring dynamics was examined, highlighting the performance differences between various mooring systems through a comparative analysis.