If you create a new Entity Reference view display, you can go to 'Format:Entity Reference list | Settings' and change from 'apply to this display' to 'revert to default'. You shouldn't be able to 'revert to default' because the default Master view doesn't have Entity Reference list as a format option.
To recreate
This might be more confusing than helpful but, to provide some context, I found this issue when I was reverting a feature. If you have views displays saved with 'revert to default' (which you shouldn't have the option to do) then every time the feature is reverted, the view resets the entity reference display to 'This entityreference (override).' Because it was previously saved as 'Revert to default', there are no search fields selected (because entity reference list settings don't exist for the Master/default display). The view becomes unsavable because there are no search fields selected. I've resolved my issue by changing the view display from default to overridden.
Other types of custom view displays don't allow you to select 'Revert to default' or 'Apply all displays' for this reason, e.g., https://www.drupal.org/project/views_data_export β .
Closed: outdated
1.5
User interface
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