This seams to be a bug when adding a dynamic value to a static select list, i have logged it in our system to be corrected in the next update.
you can manually add the code to the list options using the following format:
<option value="option value" <?php if (!(strcmp("option value", ($recordsetName->getColumnVal("Column Name"))))) {echo "selected=\"selected\"";} ?>>option label</option>
the keys are the option value
value="option value"
and the 2 arguments for the string comp function