The dynamical modeling and power optimization of floating wind–wave platforms, especially in regard to configurations based on constrained floating multi-body systems, lack in-depth systematic investigation. In this study, a floating wind-flap platform consisting of a flap-type wave energy converter and a floating offshore wind turbine is solved in the frequency domain considering the mechanical and hydrodynamic couplings of floating multi-body geometries and a model that suits the constraints of the hinge connection, which can accurately calculate the frequency domain dynamic response of the flap-type WEC. The results are compared with bottom-fixed flap-type wave energy converters in the absence of coupling with a floating wind platform. Moreover, combined with traditional optimization methods of power take-off systems for wave energy conversion, an optimization method is developed to suit the requirements of floating wind-flap platform configurations. The results are drawn for a specific operation site in the South China Sea, whereas a sensitivity analysis of the parameters is performed. It is found that the floating wind-flap platform has better wave energy absorption performance in the low-frequency range than the bottom-fixed flap-type wave energy converter; the average power generation in the low-frequency range can increase by up to 150 kW, mainly due to constructive hydrodynamic interactions, though it significantly fluctuates from the sea waves’ frequency range to the high-frequency range. Based on spectral analysis, operational results are drawn for irregular sea states, and the expected power for both types of flap-type WECs is around 30 kW, which points to a similar wave energy absorption performance when comparing the bottom-fixed flap with the flap within the hybrid configuration.