Yes, is more or less whole point to use this very expensive instruments. Most of then can show measured data in polar, smithchart and retangular form in re, im or mag, dB, and angle notation. Search 'hp 8753' on Internet and you find lot of information.
It also very important this instrument can export S-parameters for using RF-simulator in PC on usable way... check this before buy instruments...
If you hand tune (mecanical) filters, be sure screen uppdate going fast, >10 frames/s with least 201 point resolution, or you puke on job after while if you force to tuning filters whole days...
don't buy scalar 'network' analyzers, this is more o less unusable and waste of money...