"bottom of the barrel" probably means it isn't very impact durable, doesn't have very much memory, doesn't have the most beautiful screen, the camera is probably low rest, etc. None of that would affect a device your bolting to the wall to more or less never touch again and serves only to display the status of your alarm panel. I wouldn't be worried about it getting cold, I would be worried about heat. Cold might make the screen not work the greatest, but it would just be temporary till it warmed up.