To answer your first question, yes you can reuse the drive, but you don't need a seperate Utility to wipe the drive, Disk Utility can do it for you. If I understand you correctly you wan't to securly erase all the data on your hard drive right? If so just Open Disk Utility, highlight the disk, click the Erase tab, then the Security Options Button on the bottom, and you will get 4 options
Don't Erase Data - This erases the directory structure, but leaves the data intact, not very secure.
Zero Out Data - Writes 0s over all the data more secure, but not compleatly
7-Pass Erase - Very secure option writes data over disk 7 times, but it will tak e while. I believe this is Government level security.
32-Pass Erase - Extreamly secure writes data 32 times, but will take a LOOOOOOOONNNGGG TIME.
I would go with the Zero, or 7 times. click ok, and then click erase and your good to go.