The Atlantic Meridional Overturning Circulation (AMOC) is a key process in the global redistribution of heat. The AMOC is defined as the maximum of the overturning stream function, which typically occurs near 30 degrees N in the North Atlantic. The RAPID mooring array has provided full-depth, basinwide, continuous estimates of this quantity since 2004. Motivated by both the need to deliver near real-time data and optimization of the array to reduce costs, we consider alternative configurations of the mooring array. Results suggest that the variability observed since 2004 could be reproduced by a single tall mooring on the western boundary and a mooring to 1500 m on the eastern boundary. We consider the potential future evolution of the AMOC in two generations of the Hadley Centre climate models and a suite of additional CMIP5 models. The modeling studies show that deep, basinwide measurements are essential to capture correctly the future decline of the AMOC. We conclude that, while a reduced array could be useful for estimates of the AMOC on subseasonal to decadal time scales as part of a near real-time data delivery system, extreme caution must be applied to avoid the potential misinterpretation or absence of a climate time scale AMOC decline that is a key motivation for the maintenance of these observations.