I think it is pretty much impossible to pre-select your bid list with RFM. However, I definitely think you can have your invite list pre-selected for the next round.
Especially when you are already told by Panhellenic how many you have to release after round one. Some groups at Alabama, I am sure, had to release almost half of the ladies going through and that is where who you know, where did you go to high school, what alumnae are cheering for you back home and what kind of recommendation you have comes into play.