I know Marlo has a bunch of "spectator cuts to, and turns over the aces" handlings. Aces are easily replaced with chosen cards; my personal favorite handling can be found in MINT Vol 1. I don't have the book with me, but a quick skim over Marlo's methods will surely give you something useful.
Also, although there's no cutting, it might be worth checking out the first phase of Tom Mullica's Pasteboard Massacre (I think that's what it's called). Four cards, selected and lost, then each spectator pushes a card from a tabled spread, and the four cards pushed out are the selected cards. It utilizes a simple switch that is well covered. Check it out in "Showtime at the Tomfoolery" by our own Kauf-man.
My two pesos,