Limitation of offshore basin dimensions is a great challenge for model tests of deepwater mooring system. The mooring system cannot be modeled entirely in the basin with a reasonable model scale. A classical solution is based on hybrid model tests for the truncated mooring system. An efficient truncation method is proposed in this paper taking advantage of the mechanical characteristics of catenary mooring system. Truncation procedures are presented both in vertical and horizontal directions. A turret moored floating production storage and offloading (FPSO) is analyzed, and its mooring system is truncated from the original 914 m water depth to 736 m and 460 m, respectively. Numerical simulations are performed based on catenary theory and lumped mass model to these three systems, including the original untruncated system and two truncated systems. The static characteristics and dynamic response are investigated, and the results are compared between the truncated and untruncated system, and good agreements are obtained, verifying the preliminary truncation design. Model tests are conducted to the three mooring system configurations in the deepwater basin of the Harbin Engineering University. The static and dynamic properties are found to be mostly consistent between the untruncated system and two truncated systems, except for some discrepancy in 460 m system. It indicates that the truncation design is successful when the truncation factor is large, while difference still exists when the truncation factor is small. Numerical reconstruction to the model test in 460 m and extrapolation to 914 m are also implemented. The results are found to be consistent with those in 914 m, verifying the robustness and necessity of the hybrid model testing, especially for the mooring system with large truncation.