This paper demonstrates the critical role that Ferroelectric (FE) layer thickness (tFE) plays in Negative Capacitance (NC) transistors connecting device and circuit levels together. The study is done through fully-calibrated TCAD simulations for a 14nm FDSOI technology node, exploring the impact of tFE on the figures of merit of n-type and p-type devices, voltage transfer characteristic (VTC) and noise margin of inverter as well as the speed of buffer circuits. First, we analyze the device electrical parameters (e.g., ION, SS, ION/IOFF and Cgg) by varying tFE up to the maximum level at which hysteresis in the I-V characteristic starts. Then, we analyze the deleterious impact of Negative Differential Resistance (NDR), due to the drain to gate coupling, demonstrating how it imposes an additional constraint limiting the maximum tFE. We show the consequences of NDR effects on the VTC and noise margin of inverter, which are essential components for constructing robust clock trees in any chip. We demonstrate how the considerable increase in the gate’s capacitance due to FE seriously degrades the circuit’s performance imposing further constraints limiting the maximum tFE. Further, we analyze the impact of tFE on the SRAM cell static performance metrics such hold noise margin (HNM), read noise margin (RNM) and write noise margin (WNM) at supply voltages of 0.7V and 0.4V. We demonstrate that the HNM and RNM in a NC-FDSOI FET based SRAM cell are higher then those of the baseline FDSOI FET based SRAM cell noise margin and further increase with tFE. However, the WNM in general follows a non monotonic trend w.r.t tFE, and the trend also depends on the supply voltage. Finally, we optimize the design of the SRAM cell considering overall performance metrics. All in all, our analysis provides guidance for device and circuit designers to select the optimal FE thickness for NCFETs in which hysteresis-free operations, reliability, and performance are optimized