Earlier quoted context omitted.
Wiping the phone doesn't help you. Using the strong password renders the information inaccessible, at least as inaccessible as your phone backup is. Touch ID isn't re-enabled until the phone's passcode is used. Presumably if the authorities have access to your phone's memory they also have access to your laptops, and neither will do them any damn good. And it's paranoia if there's a legitimate threat, that's just cal…
Could the "code equivalent" of your fingerprint be stolen by a rogue app if it's allowed to read it? I don't have a touchId phone but have wondered what would happen if your "print" is stolen -- passwords can at least be changed.
Now Cydia and 3rd party stuff? I have no clue.