There's a couple of observations about this procedure that may assist you. In this particular case, it is the concentration of sodium hydroxide in the regeneration solution that matters, not so much the ratio of the amount of sodium hydroxide solution to the amount of GFO. The reason for this is that phosphate is rather strongly bound to GFO, and the sodium hydroxide must be sufficient concentrated to drive the reaction of iron phosphate to iron hydroxide. Below a certain concentration of hydroxide ions in the water, the equilibrium between iron phosphate and iron hydroxide favors the phosphate form, and the GFO won't regenerate no matter how long its left in contact with the material.
The reason that I note this is that on a mass ratio basis, there's very little mass of phosphate in completely exhausted GFO. So you're not using the sodium hydroxide to "consume" the phosphate in the way that you'd use an acid to convert calcium carbonate to calcium ions and CO2.
The ratio of sodium hydroxide to water that you're being asked to prepare equates to a one molar solution (which is correct). So long as the amount of sodium hydroxide solution that you have completely immerses the GFO, that will be more than sufficient to regenerate it.
One other note, since the Advanced Aquarist article was being referenced in the top of the thread. I would strongly advise anyone doing this procedure NOT to pressurize a 1M NaOH solution and pump it through a reactor with GFO in it. There is simply too much risk of a high pressure leak that could spray someone in the face (or any other part of the body) with a concentrated lye solution. That will very likely mean a trip to the hospital, and possibly permanent loss of sight.
The key part of this is that circulating NaOH past GFO is completely unnecessary; all you need do is put your GFO in a lye-solution-safe container (I use 1.5 liter glass mason jars), cover it with the lye solution, and leave it for several hours or longer (overnight is just fine as well). Then rinse the heck out of it with RODI, and you're good. If you want to be really conservative about it, you can pour off the lye solution after the first treatment, replace it with fresh lye solution, allow it to stand, then rinse.