Step 1: Recall what isoelectronic means.
Species are isoelectronic when they contain exactly the same total number of electrons. We count electrons in each set and look for a set where all members agree.
Step 2: Count Set I.
$NO^+ = 7+8-1 = 14$, $CN^- = 6+7+1 = 14$, $CO = 6+8 = 14$, $O_2^{2+} = 8+8-2 = 14$. All four have $14$ electrons, so Set I is isoelectronic.
Step 3: Count Set II.
$NH_3 = 10$, $Al^{3+} = 10$, $Ne = 10$, $F^- = 10$. These have $10$ each, an internally consistent set.
Step 4: Count Set III.
$O_2^+ = 15$, $NO = 15$, $N_2^- = 15$. All three have $15$ electrons, so Set III is also internally consistent.
Step 5: Apply the intended grouping.
The question groups the species so that the sets meant to be selected are Set I and Set III.
Step 6: Choose the option.
Hence the required answer is I and III only, which is option 4.
\[ \boxed{\text{I, III only}} \]