We have expressions like, "the chosen few," which might appear as a caption under a picture of some Marines. This would be the same as "the select few." I haven't heard "the selected few" used in this way, but that doesn't mean it couldn't be.
An attorney or talent agent "represents" his clients. If he has a very small and select clientele, you could say he represents only a few. He represents only a few young girls. The judges selected only a few young girls. These young girls are the select few. It's sort of like the
special few. You could say, "These young girls are the selected few," but I don't recall hearing it put that way. You don't have the same problem when you say, "These young girls are the
chosen few," because only the past participle is available.
- A.
Edit. I see Clive says no. I'm not sure what the reason is.