[Suicide Junkie]

What? No.

If at least one of the components on a ship is a priority component, then that ship is flagged as a priority ship.

Damaged ships which did not pick up the priority ship flag get repaired AFTER the ones with the flag no matter what the ID.

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The priority-repair ship with the lowest ID gets fixed first:
1) Priority components will be repaired in order of placement on the ship.
2) If repair points are left over, then non-priority components on the ship will be repaired in order of placement.
3) If repair points are still left over, pick the next priority ship and goto (1)
4) If repair points are still left over, then no priority ships are left. Pick the damaged but non-priority ship with the lowest ID, and goto (2)

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Note that if you add all the categories to your priority list, then ships will be repaired in order of ID and then component placement.

If you add only "repair", then ships with damaged repair bays get to "jump the line". And even if there isn't enough points to fix the whole repair ship, the repair bays themselves will be first to get fixed.

Also note that if there aren't enough points to fully repair the ship, but enough for all the priority components, then the ship will no longer be a priority ship next turn.
If there are still other priority-repair ships, then it will not be picked next turn, and may not finish repairs for quite a while.