First off, selectFirst and autoFocus are not options on the jQueryUI autocomplete. They are from the plugin that eventually was adopted into jQueryUI and so the documentation found here is deprecated.
I'm not exactly clear on what you're trying to accomplish, but it sounds like you just don't want an item to populate the input element when you focus on it in the dropdown menu. This is indeed possible:
$("#autocomplete").autocomplete({
source: [...],
focus: function() {
return false;
}
});
returning false from the focus event handler will prevent the focused item in the menu from populating the dropdown.
Note that clicking elsewhere on the page won't populate the input element. This is because when you move your mouse away from the menu, an item you had selected loses focus. This seems like natural behavior to me, but there's probably a way to make that happen too.
Here's a working example: http://jsfiddle.net/andrewwhitaker/RyTuV/