Any old frequency counter should do the job just fine, though one that can measure a single pulse is best. You just measure the signal and you store the result, keep that up for long enough and you have a nice plot you can extrapolate timing noise from. A scope can visualize it well, but you probably want to use the measurement functions and get statistics based on them if you want to actually quantify it, and while many will do it, it takes a somewhat more capable scope to give you max/min/mean/sdev of a period measurement (though again if you capture the measurement data on a computer, you could do the analysis and plotting stuff as post processing on the PC instead).
--I have a Siglent Technologies SDM3055 5.5 Digit Digital Multimeter, which can measure max/min/sdev of frequency. I can try that.
Since 50Hz is such low frequency for these sorts of devices, if you're going for the visualization route on the scope, I'd try a slightly different approach from what has been mentioned: trigger off the rising edge (or falling, same concept either way), zoom in quite far on it, then delay from the trigger to visualize the falling edge, with infinite persistence on to get your smear. Basically, if you can fit an entire period of your 50Hz signal on the screen, the jitter is likely to be to small that it won't appear as a smear unless you're pretty far zoomed in on your timebase. I assume a ms of jitter, which would basically be required to be significantly visible on a scope with like a 2ms/div timebase, may be too large for your PLL to even lock, though this may not be the case.
-- I have a Tektronix TBS 2102 DSO. I think it has a zoom function. When you say smear do you mean the width of the leading or falling edge of the square wave?
Maybe I should use both the DMM and the DSO at the same time to get the best indication of frequency stability?
Thanks