Concentrating the concept of a beam-down solar tower with linear Fresnel heliostat (PLCF) is one of the feasible choices and has great potential in reducing spot size and improving optical efficiency. Optical characteristics of a PLCF system with the hyperboloid reflector are introduced and investigated theoretically. Taking into account solar position and optical surface errors, a Monte Carlo ray-tracing (MCRT) analysis model for a PLCF system is developed and applied in a comparison-based study on the optical performance between the PLCF system and the conventional beam-down solar tower system with flat and spherical heliostats. The optimal square facet of linear Fresnel heliostat is also proposed for matching with the 3D-CPC receiver.