The invention provides a torque motor based diamond cutting disc performance testing device and method, and relates to a testing device for detecting a diamond cutting disc performance. The testing device is provided with a support, an angle grinder, a diamond cutting disc, an angle grinder movement sliding block frame, a screw rod, a guide rail, a guide rail fixing frame, a torque motor, a coded disk, a diamond cutting disc outer diameter detector, a compute controller and a panel fixing frame; the angle grinder is fixedly connected with the angle grinder movement sliding block frame, the angle grinder is vertically arranged, the diamond cutting disc is vertically arranged on the angle grinder, the angle grinder movement sliding block frame is connected with one end of the screw rod and is in moving cooperation with the guide rail, the guide rail is horizontally arranged on the guide rail fixing frame, one end of an output shaft of the torque motor is connected with the other end of the screw rod, the other end of the output shaft of the torque motor is connected with the coded disk, the diamond cutting disc outer diameter detector is arranged at one end of the guide rail, and the angle grinder, the diamond cutting disc outer diameter detector, the torque motor and the coded disk are all electrically connected with the computer controller.