While a great deal of research has been performed to quantify and characterize the wave energy resource, there are still open questions about how a wave energy developer should use this wave resource information to design a wave energy converter device to suit a specific environment or, alternatively, to assess potential deployment locations. It is natural to focus first on the impressive magnitudes of power available from ocean waves, and to be drawn to locations where mean power levels are highest. However, a number of additional factors such as intermittency and capacity factor may be influential in determining economic viability of a wave energy converter, and should therefore be considered at the resource level, so that these factors can influence device design decisions. This study examines a set of wave resource metrics aimed towards this end of bettering accounting for variability in wave energy converter design. The results show distinct regional trends that may factor into project siting and wave energy converter design. Although a definitive solution for the optimal size of a wave energy converter is beyond the reaches of this study, the evidence presented does support the idea that smaller devices with lower power ratings may merit closer consideration.