Never got this settle thing. A steel rod doesn't settle, it stays put the untill temperature changes. The wood it's acting upon moves according to the tension applied to it. After that, both the steel and wood are susceptible to temperature changes and are always moving at different rates.
Because our basses are long necked, they require frequent adjustments (more than a six string guit) and tweaks to keep them in optimum condition unless the temperature is perfectly stable. Set it for today and guaranteed a few days from now it will have changed a bit, and so on, Especially if you are moving it to different locations. You take it to rehearsal and it plays great, after a few hours it changes in response to temperature, you leave it overnight and come back the next day and it's out.... you left it in a drafty place in the room where the temperature is cooler than where the thermostat Is located. And so on.
Set it where you want and always have your tweaking tool at hand to give it an eighth turn before playing if it needs it. If you like really low action, you are going to need more frequent tweaks.