We present an exhaustive theoretical analysis of charge and thermoelectric transport in a normal metal-ferromagnetic insulator-superconductor (NFIS) junction, and explore the possibility of its use as a sensitive thermometer. We investigated the transfer functions and the intrinsic noise performance for different measurement configurations. A common feature of all configurations is that the best temperature noise performance is obtained in the non-linear temperature regime for a structure based on an europium chalcogenide ferromagnetic insulator in contact with a superconducting Al film structure. For an open-circuit configuration, although the maximal intrinsic temperature sensitivity can achieve 10nKHz −1/2 , a realistic amplifying chain will reduce the sensitivity up to 10µKHz −1/2 . To overcome this limitation we propose a measurement scheme in a closedcircuit configuration based on state-of-art SQUID detection technology in an inductive setup. In such a case we show that temperature noise can be as low as 35nK Hz −1/2 . We also discuss a temperature-to-frequency converter where the obtained thermo-voltage developed over a Josephson junction operated in the dissipative regime is converted into a high-frequency signal. We predict that the structure can generate frequencies up to ∼ 120GHz, and transfer functions up to 200GHz/K at around ∼ 1K. If operated as electron thermometer, the device may provide temperature noise lower than 35nK Hz −1/2 thereby being potentially attractive for radiation sensing applications.