Could you define bulged? Is it in one spot on the tube or does it cover a length of a tube? What area of the boiler is it in: furnace, SH, RH, Radiant SH, economizer? What pressure is the boiler? What is the nominal OD of the tube and what is the OD of the bulge? [What fuel are you using? gas, oil, coal?)
In my opinion, these are probably somewhat irrelavent, but thought I'd ask anyway -- the tube has undergone plastic deformation from overheating, either long term or short term that didn't propogate to failure (yet)... it's only a matter of time before they fail..
I worked in the utilities when we repaired these when we found them -- in today's world (run by marketers and bean counters who only care about today's $$), you're probably faced with how long can you live with these -- in this case, the key may be how extensive is the bulging and how far out of spec is the OD of the tubing... you should use NDT to find the tube wall thickness and mic the OD, compare to the original specs and then I'd suggest soliciting advice from a metallurgist and make a risk assessment...
regardless of what happens, these tubes are damaged and will need to be replaced -- delaying that will expose you to tube rutures and a forced outage on the boiler / unit...