If they were ahead of the curve, they would have an option that properly did the bode plot including phase. Now, years later, they have pretty much missed the curve and hit the tree, since I still do not see that feature.
The comments about the low dynamic range operate under the assumption that attenuation must stay constant and you have only 8 bit to work with. That is not the case.
Check out the Analog Discovery. It does a very impressive (stepped) Bode plot, including phase, with fantastic dynamic range. You can use one channel as a reference to normalize the other.
ST
Agilent: lightyears ahead of the curve...