Step 1: Statement I analysis.
The bond length of HX is indeed larger in HCl than in HF. This is because, as we move from HF to HCl, the size of the halide ion increases, leading to a longer bond length.
Step 2: Statement II analysis.
Statement II is incorrect. The lowest boiling point in hydrides of group 15 elements is observed in the hydride with covalency 3, not 4, as we move down the group.
Step 3: Conclusion.
Therefore, Statement I is correct, but Statement II is incorrect.
Final Answer:
\[
\boxed{\text{Statement I is correct but statement II is incorrect}}
\]