The ultimate performance of an adaptive optics (AO) system can be sensitive to specific design parameters of individual components. The type and configuration of a wavefront sensor or the shape of individual deformable mirror actuator influence functions can have a profound effect on the correctability of the AO system. This paper will discuss the results of a theoretical study which employed both closed form analytic solutions and computer models. A parametric analysis of wavefront sensor characteristics, noise, and subaperture geometry are independently evaluated against system response to an aberrated wave characteristic of atmospheric turbulence. Similarly, the shape and extent of the deformable mirror influence function and the placement and number of actuators is evaluated to characterize the effects of fitting error and coupling.