I was told by the support individual that I was making the attempt to enter the power button menu incorrectly. Instead of holding the button indefinitely, I needed to release the button after 3 beeps, lest it hit the 4 second shut down override.
Modifying the duration of holding the button it did come up with the following menu:
[ESC] Normal Boot
[F2] Intel Visual BIOS
[F4] BIOS Recovery
[F7] Update BIOS
[F10] Enter Boot Menu
[F12] Network Boot
While these options are nice to have, they still do not provide the functionality of being able to load BIOS defaults from outside BIOS. Support had said that when you enter the power button menu, you *are* booting with BIOS defaults, however in the following test I showed that is not the case:
1) Set the video to come from integrated graphics exclusively in BIOS.
2) Confirm that upon the next boot the 3rd party graphics card will not be used
3) Power off and then enter the power button menu
4) Confirm that the video is still being displayed through the integrated graphics. If it was using BIOS defaults then the graphics would come from the 3rd party graphics card as is the default behavior for default BIOS settings when a 3rd party card is inserted.