This paper presents an experimental investigation into the aeroelastic behavior of an innovative wind turbine design featuring a downwind two-blade rotor with a teetering hub mounted on a tower with adjustable tilt. The rotor model incorporates two sets of elastic blades—stiff and flexible—for scaling purposes, each instrumented with strain gauges and accelerometers. Ground and wind tunnel tests were conducted to analyze the aeroelastic response. Static tests exhibited discrepancies between measured and numerically predicted displacements, with maximum displacements near the tip exceeding numerical predictions by 14% and 31% for flexible and stiff blades respectively. Frequency differences between measured and numerically simulated elastic modes ranged from 0.5% to 18% for both blade sets, as determined by ground vibration tests. Wind tunnel tests revealed the dominance of rotational speed harmonics, particularly the second harmonic, in the blades’ periodic response. A sensitivity analysis was also carried out with respect to tower tilt angle, rotational speed and blade pitch angle, for both blade sets at a range of tip-speed ratio values. The static response of the system, as captured by the generated power and thrust, was primarily sensitive to tower tilt angle variation and to a lesser extent blade pitch angle. Conversely, the tip-speed ratio in conjunction with rotational speed were found to dictate the dynamic response, influencing the azimuthal position and magnitude of the maximum bending moment at the blade root. Finally, no dynamic aeroelastic instability was observed during wind tunnel tests.