This paper provides a comprehensive understanding of a tunable wavelength-based photonic high-speed analog-todigital converter (ADC) approach and its anticipated performance. Analytic models, experimental data, and simulation results will provide the fundamental limits on the expected conversion speed and bit resolution. A thorough in situ study of the photonic signal conversion system under simulated space radiation conditions is required to precisely determine its performance in either a natural or man-made space environment. Although this study has not yet been performed on the entire system, preliminary performance predictions will be made based on previously published studies on the individual components within the system. The photonic components of particular interest that will be discussed in the context of radiation hardness include the edge emitting laser diode with a MQW tuning element, the processor filters, the delay equalizers and the photodetectors.