If you use the namelist I listed above, the model will use the Kain Fritsch scheme as the convection scheme instead of the default convection scheme for the mesoscale_reference suite, the New Tiedtke (cu_ntiedtke), and the model will continue to use the other parameterizations in mesoscale reference suite.
If you set config_physics_suite = 'none', all parameterizations will be turned off. You can also add and set all of the individual parameterization namelist variable (config_convection_scheme, config_microp_scheme, etc.) to 'off', which will have the same effect.
If you would like to mix and match parametizations to create your own scheme, the easiest way might be to set config_physics_suite = 'none' and then, using table 6.8 of the 7.0 user's guide select the parametizations that you want.
Does that answer your question?