Step 1: Simplify the given cross product relation.
Given,
\[
\overline{a}\times \overline{b}=2(\overline{a}\times \overline{c})
\]
This can be written as
\[
\overline{a}\times \overline{b}-2\overline{a}\times \overline{c}=0.
\]
Using distributive property of cross product,
\[
\overline{a}\times(\overline{b}-2\overline{c})=0.
\]
Step 2: Use the given vector equation.
It is also given that
\[
\overline{b}-2\overline{c}=\lambda \overline{a}.
\]
Therefore,
\[
|\overline{b}-2\overline{c}|=|\lambda \overline{a}|.
\]
Since
\[
|\overline{a}|=1,
\]
we get
\[
|\overline{b}-2\overline{c}|=|\lambda|.
\]
Step 3: Calculate \(|\overline{b}-2\overline{c}|^2\).
\[
|\overline{b}-2\overline{c}|^2
=
|\overline{b}|^2+4|\overline{c}|^2-4(\overline{b}\cdot \overline{c}).
\]
Given,
\[
|\overline{b}|=4,\qquad |\overline{c}|=1.
\]
The angle between \(\overline{b}\) and \(\overline{c}\) is
\[
\cos^{-1}\left(\frac{1}{4}\right).
\]
So,
\[
\cos\theta=\frac{1}{4}.
\]
Therefore,
\[
\overline{b}\cdot \overline{c}
=
|\overline{b}||\overline{c}|\cos\theta
\]
\[
=4\cdot1\cdot\frac{1}{4}
\]
\[
=1.
\]
Step 4: Substitute the values.
\[
|\overline{b}-2\overline{c}|^2
=
4^2+4(1)^2-4(1)
\]
\[
=16+4-4
\]
\[
=16.
\]
Thus,
\[
|\overline{b}-2\overline{c}|=4.
\]
Since
\[
|\overline{b}-2\overline{c}|=|\lambda|,
\]
we get
\[
|\lambda|=4.
\]
From the given options,
\[
\lambda=4.
\]
Step 5: Final conclusion.
Therefore,
\[
\boxed{4}
\]