The harmonic at the 12th fret on the A string is the same note, an A, as the 7th fret harmonic of the E string when tuned to drop D. ....
Somebody, sooner or later, is going to point out that this is not exactly right, because of the old problem of perfect intervals vs even-tempered scales which, in turn, hinges on the frustrating fact that 3 is not an even number.
To put it numerically, it's easier to work with the A-string (why? I'll come back to that):
Assuming you tune to A=440 Hz, then the frequency of the fundamental on the open A-string will be 55Hz, and the 7th fret harmonic will be three times that, i.e., 165Hz. Naively, you would think that this would match the 19th fretted note, but actually the 19th fretted note will be 164.81378Hz (assuming your intonation is perfect). So tuning by harmonics will leave you about 1/10th of a percent out.
In practice, I don't think there are many tuners that are that accurate, so you'll probably be more than 1/10th of a percent out to start with, and you'd have to be Hansford Rowe to hear the difference anyway. So it seems to me that working with harmonics should be fine in the real world that most of us live in.
(So, why did I do the A-string rather than the E? Well, concert pitch specifies an A note to be a nice round 440 Hz. With an even-tempered instrument like a fretted bass, that means the low E should be 41.203446..., whereupon the numbers get a whole lot uglier).