Through discussion on forum, I am led to believe that QT should should endeavor to use unspent outputs large enough to keep transaction below threshold that would incur additional transaction fee. This does not seem to be working for me. Please see
https://bitcointalk.org/index.php?topic=449385.msg4946463#msg4946463
for evidence of large unspent, able to cover entire transaciton, and
for how the transaction was made up of seven small unspents instead.
Bitcoin-QT v0.8.6-beta on OS X 10.7.5