I use one of these from maplin which has a frequency counter.. Not sure if it would do what you are being asked, but at the least it should tell you if the pilot is giving a signal out.
I have been really happy with it. I bought it before leaving work and nipped down to the namas (it has changed it's name now) lab were I worked for a while and ran it through a full cal. It did remarkably well, actually as well as the flukes we used in the raf. It was a little ropey on some of the resistance, but within cal, just not as accurate as the flukes, but it was 1/4 the price.
I use it a lot (trade) and have not regretted buying this particular model. The inductance and capacitance has come in handy too. Bit more expensive than the one you are looking at; and I admit to not using the frequency counter yet, but no doubt it will be accurate enough for what you are after. I am guessing it will be a 10Hz signal on the autopilot??
I've ordered one from giorgio. I want to delve into the Raymarine Seatalk bus. Do you know where I can find the expected levels, codes and protocol? I want to find out what's happening to my wind direction and speed that's going into an ST60 - the instrument has been tested OK, the head is new and the wiring seems OK. So I need to know what signals the wind head should be sending out as well.
I can't find anything of any use on the Raymarine site and the dealer I spoke to was of the 'change bits until is works' variety. Out of my league, that; I wonder where they get sufficiently trained staff?