This paper presents a low-cost, centralized modular underwater robot platform, ModCube, which can be used to study swarm coordination for a wide range of tasks in underwater environments. A ModCube structure consists of multiple ModCube robots. Each robot can move in six DoF with eight thrusters and can be rigidly connected to other ModCube robots with an electromagnet controlled by onboard computer. In this paper, we present a novel method for characterizing and visualizing dynamic behavior, along with four benchmarks to evaluate the morphological performance of the robot. Analysis shows that our ModCube design is desirable for omnidirectional tasks, compared with the configurations widely used by commercial underwater robots.