NaOH is hydroscopic, meaning that it will absorb water from the environment over time, which will cause the concentration of the solution to slowly decrease over time. If you notice the pH decreasing or you need to add more NaOH to titrate the same recipe, you probably need new NaOH. If you keep it properly stored (air tight container) it will last longer, but probably should replace every 6 month (more often if you expose it to air often)
pH is a direct measurement of the concentration of the concentration of the hydrogen ion concentration (which can be used to determine concentration of hydroxide). If you have a 1N solution of NaOH, it should give a reading of 14 on a pH meter. But you do want to make sure that you have properly calibrated your pH meter. Some meters only have calibration settings for solutions of pH of 7 and 4, which makes the meter more accurate for measuring low pH values, but not as accurate for large pH values. The other thing to consider if the pH scale itself. A pH difference of 1 unit equates to a 10 fold difference in concentration. So if you starting pH when you first bought your NaOH was 14 and now is 13, you have 10 fold less NaOH than what you started with.
For using a pH meter, you can, but you get the same results as using an indicator (long explanation of science below if you are interested)
You can use a pH meter for the titration, but this isn't really the easiest approach (I have done it both ways in lab). When using an indicator like phenolphthalein (the indicator that comes with most titration kits), it will change color once the solution gets to a pH around 8. Once you get to the equivalence point (where you have neutralized all your starting acid) the pH of the solution will quickly increase with additional base, which allows you to quickly see the change in color. If you were to do the titration with a pH meter, you would essentially be looking for the same rapid increase in pH. To accurately use a pH meter, you would likely need to use a larger volume of starting liquid to fully submerge the probe (and thus would use your NaOH solution more quickly). You would also need to constantly stir your solution (which you do anyway swirling the mixture when using indicator).