Thanks for the advice. I am posting my code on here for others to see.
I created this control by taking the selectone.ftl and changing the control. I put in bold the changes I made to it below
<#include "/org/alfresco/components/form/controls/common/utils.inc.ftl" />
<#if field.control.params.optionSeparator??>
<#assign optionSeparator=field.control.params.optionSeparator>
<#else>
<#assign optionSeparator=",">
</#if>
<#if field.control.params.labelSeparator??>
<#assign labelSeparator=field.control.params.labelSeparator>
<#else>
<#assign labelSeparator="|">
</#if>
<#assign fieldValue=field.value>
<#if fieldValue?string == "" && field.control.params.defaultValueContextProperty??>
<#if context.properties[field.control.params.defaultValueContextProperty]??>
<#assign fieldValue = context.properties[field.control.params.defaultValueContextProperty]>
<#elseif args[field.control.params.defaultValueContextProperty]??>
<#assign fieldValue = args[field.control.params.defaultValueContextProperty]>
</#if>
</#if>
<div class="form-field">
<#if form.mode == "view">
<div class="viewmode-field">
<#if field.mandatory && !(fieldValue?is_number) && fieldValue?string == "">
<span class="incomplete-warning"><img src="${url.context}/res/components/form/images/warning-16.png" title="${msg("form.field.incomplete")}" /><span>
</#if>
<span class="viewmode-label">${field.label?html}:</span>
<#if fieldValue?string == "">
<#assign valueToShow=msg("form.control.novalue")>
<#else>
<#assign valueToShow=fieldValue>
<#if field.control.params.options?? && field.control.params.options != "">
<#list field.control.params.options?split(optionSeparator) as nameValue>
<#if nameValue?index_of(labelSeparator) == -1>
<#if nameValue == fieldValue?string || (fieldValue?is_number && fieldValue?c == nameValue)>
<#assign valueToShow=nameValue>
<#break>
</#if>
<#else>
<#assign choice=nameValue?split(labelSeparator)>
<#if choice[0] == fieldValue?string || (fieldValue?is_number && fieldValue?c == choice[0])>
<#assign valueToShow=msgValue(choice[1])>
<#break>
</#if>
</#if>
</#list>
</#if>
</#if>
<span class="viewmode-value">${valueToShow?html}</span>
</div>
<#else>
<#if field.value=="Approved" || field.value=="Pending" >
<label for="${fieldHtmlId}">${field.label?html}:<#if field.mandatory><span class="mandatory-indicator">${msg("form.required.fields.marker")}</span></#if></label>
<#if field.control.params.options?? && field.control.params.options != "">
<select id="${fieldHtmlId}" name="${
field.name}" tabindex="0"
<#if field.description??>title="${field.description}"</#if>
<#if field.control.params.size??>size="${field.control.params.size}"</#if>
<#if field.control.params.styleClass??>class="${field.control.params.styleClass}"</#if>
<#if field.control.params.style??>style="${field.control.params.style}"</#if>
<#if field.disabled && !(field.control.params.forceEditable?? && field.control.params.forceEditable == "true")>disabled="true"</#if>>
<#list field.control.params.options?split(optionSeparator) as nameValue>
<#if nameValue?index_of(labelSeparator) == -1>
<#if nameValue?html == "Approved" || nameValue?html == "Pending">
<option value="${nameValue?html}"<#if nameValue == fieldValue?string || (fieldValue?is_number && fieldValue?c == nameValue)> selected="selected"</#if>>${nameValue?html}</option>
</#if>
<#else>
<#assign choice=nameValue?split(labelSeparator)>
<#if choice[0]?html == "Approved" || choice[0]?html == "Pending">
<option value="${choice[0]?html}"<#if choice[0] == fieldValue?string || (fieldValue?is_number && fieldValue?c == choice[0])> selected="selected"</#if>>${msgValue(choice[1])?html}</option>
</#if>
</#if>
</#list>
</select>
<@formLib.renderFieldHelp field=field />
<#else>
<div id="${fieldHtmlId}" class="missing-options">${msg("form.control.selectone.missing-options")}</div>
</#if>
<#else>
<label for="${fieldHtmlId}">${field.label?html}:</label>
<input id="${fieldHtmlId}" type="text" value="${field.value?html}" disabled="true" title="${msg("form.field.not.editable")}"
<#if field.control.params.styleClass??>class="${field.control.params.styleClass}"</#if>
<#if field.control.params.style??>style="${field.control.params.style}"</#if> />
</#if>
</#if>
</div>