In a search formula, you can get the value instead of the text by appending ".id" to a field ID like this.

{custrecord_custom_list_field.id}

I'm wondering if anyone knows of any other nifty tricks like this. Are there any other strings that can be appended? Is there any documentation about it?

So I guess there aren't any others. Thanks.

select values dont have much more than text and id

Yeah, sometimes it defaults to the value, but I want the text