Step 1: Recall the formula for rms speed.
The rms speed of an ideal gas is
\[
v_{\rm rms}=\sqrt{\frac{3RT}{M}},
\]
where
\[
T=\text{absolute temperature}
\]
and
\[
M=\text{molar mass}.
\]
Hence,
\[
v_{\rm rms}\propto\sqrt{\frac{T}{M}}.
\]
Step 2: Convert the temperatures into Kelvin.
For helium,
\[
T_1=127+273=400\,\text{K}.
\]
For oxygen,
\[
T_2=527+273=800\,\text{K}.
\]
Also,
\[
M_{\rm He}=4,
\qquad
M_{\rm O_2}=32.
\]
Step 3: Calculate the ratio.
\[
\frac{v_{\rm He}}{v_{\rm O_2}}
=
\sqrt{\frac{400/4}{800/32}}
=
\sqrt{\frac{100}{25}}
=
\sqrt4
=
2.
\]
Therefore,
\[
\boxed{v_{\rm He}:v_{\rm O_2}=2:1.}
\]
Hence, the correct option is \(\boxed{(C)}\).