2.71 as well as in older versions
The "Repeat Last" function usually ignores all select actions because, if not, it would'nt be very usefull at all.
Not though when selecting by "Select More/Less" (STRG&NUM+/-). The "Repeat Last" takes this action in account unnecessarily IMHO because hitting "Repeat Last" after "Select More/Less" just repeats "Select More/Less" instead of repeating the previous action. :(
Would be nice to have the repeat function improved by changing this misbehavior.