Conversion time refers more to the electronics. This would be your Analog to Digital converter. Response time of the thermocouple is defined in the link I provided. When we choose a thermocouple for an intended application we have several considerations, for example temperature range and how linear will our thermocouple output be over that range. Then the environment, does our thermocouple need a protection tube? If we choose a sheath then what sheath material? Inconel sheath, maybe a stainless sheath? Unless you can define in detail exactly what you want or need to do then you can't even begin to choose the best thermocouple. Saying fast response is not quite good enough, there are other considerations. It all starts with choosing a thermocouple.So what is the differences between conversion time and response time for thermocouples?
Ron