The selection option will revert to project if the current selection gets cleared.
We did that intentionally because otherwise if you export it will give you an error that there is no audio selected.
We were trying to get away from the somewhat confusing paradigm of exporting the full project vs a selection based on whether anything was selected. Thats the way it works with the standard export dialog and new users are always confused by it. Therefore we decided to make the selection vs entire project choice very explicit and not implied just be selection.