Nick,
My words you quote here, define the doctrine of Election as it is revealed in Ephesians 1:3-6. It is only by being chosen for redemption in Christ, and by the grace of God, that any of us are accepted in the Beloved. (vs 6)
Election has to do with God saving sinners . . not God declaring some righteous before creation. (B57 might teach this, but it is not the orthodox Reformed view.)
Paul, in the next chapter makes this clear. He teaches we are all sinners and dead in our trespasses; without any righteousness at all. Ephesians 2:1-10
Only by the will and grace of God are we imputed with Christ's righteousness unto salvation. That is why Paul says in Eph. 2:10, that those elected unto redemption are "His workmanship."
Ephesians 2:8f is kind of a grail for me! I don't venerate scripture... as Jesus is the WORD... but then again... I venerate scripture as the only means that we should build theology with, via (1 John 2:27 and John 5:39f)
Ephesians 2:8 For by grace you have been saved through faith, and that not of yourselves; it is the gift of God, 9 not of works, lest anyone should boast.
This set of two verses is a power house to open many eyes when in actual face to face discussion.
We simply (Exodus 14:14 ... John 3:16) ... that's our part! We either do... or we don't. It is "Belief" in His "Faithfulness and Love" that He would bountifully give this gift to all mankind. It is a "choice".
You wouldn't rearrange the works portion of this verse, or the faith portion... would you? As in say it's His Faith... so we are then defined by "our works"... would you?
You wouldn't look to the flesh of a believer... would you? As in see a James 2... impoverished in the flesh... falling apart... condemn-able sinner by carnal judgment... that is in transgression of the old covenant... in any way... would you?
You wouldn't negate His limitless grace to a specific group of people, would you? You would never call a group of people "Reprobate" by any standard... outside of their rejection of Jesus Christ as Lord, God and Savior... and their preaching against His being God, Lord or Savior... would you?
Are we not all Beggars declared Prince's and Princesses that were shown where the Kings storehouse is and given a Key to His castle, by His Love, Alone... destined to show as many fellow beggars that the key and storehouse are free?