Quantitative analysis of error sources in wave measurement intercomparison under real-world conditions remains challenging due to various factors such as spatial and temporal offsets in the field, diverse configurations of wave sensors and platforms, and distinct measurement algorithms. This study introduces a modified error analysis method based on sampling variability. Measurements from two co-deployed Datawell Waverider buoys at the National Marine Test Site (Weihai) in China offer an opportunity to assess the spatial variability error. The results reveal that for non-directional wave parameters, like significant wave height and mean zero-crossing period, the wave conditions in the field can be considered stationary, with random errors primarily arising from inherent sampling variability. Spatial offsets significantly impact directional wave parameters at peak frequencies, with large deviations (greater than 20°) in peak wave direction primarily attributed to bimodal distribution. For data with significant wave heights exceeding 0.5 m, random errors in the mean wave direction at the same frequency can be mainly attributed to sampling variability. The bulk directional wave parameters weighted by the energy spectrum demonstrate lower sensitivity to spatial offsets, and there is excellent agreement between the bulk mean directions when considering only the unimodal distribution data.