The Object::useCustomClass() needs to be in your _config.php. This needs to be in CustomLoginForm.php:
class MyLoginForm extends MemberLoginForm {
public function __construct($controller, $name, $fields = null, $actions = null, $checkCurrentUser = true) {
parent::_contstruct($controller, $name, $fields, $actions, $checkCurrentUser);
$this->Fields()->fieldByName('Email')->setValue('Some default value');
}
}