How do I make Favorites my default list, even while currently logged into a current site?

Grey's solution was the trick for me. But it's odd that this option doesn't show up in the Main 1PW Setting's. It only shows up by left clicking (or 2 finger Secondary Click w/touchpad) on the 1PW icon in the browser. Then selecting 'Settings'.

The menu options that show up are slightly different, however once you do that you will see the 'Open Password to' option and you can change it there. It also applies to Firefox... not sure if it's the same for Chrome though as I don't really use it.