This paper investigates technical performance, acquisition cost and flexibility level for reconfigurable offshore ships. An offshore ship can be configured with various types of equipment; thus, its base structure constitutes a platform from which several end ship design configurations can be derived. A ship with equipment retrofit flexibility will typically have excess stability, deadweight and deck area to ensure physical compatibility. However, there are complex system interactions that need consideration, such as the effects of flexibility on cost and performance. The level of flexibility is quantified using filtered outdegree based on a tradespace network representation of the system. Technical performance is measured in terms of capability, capacity and operability, where a multi-attribute utility function is used to aggregate the total performance for comparison. Findings indicate that increased platform flexibility does increase capacity, but comes at a complex compromise with operability as resistance is increased, and roll periods become unfavorable due to high accelerations.