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if you type po # in PO summary and the hit the lines button, select Tools-control -cancel PO line and this should send the req back to autocreate.
That is true , by cancellation of PO or PO line by the route suggested ,you will get the requisition back into autocreate. But to carry out the qty amendment in future, use modify requisition option in autocreate-- tools. Modify the qty of line as required and autocreate PO / addon PO . Balance qty line will appear in autocreate only which you can make another PO or cancel the line to reverse the budgets etc.