We are given \( z = x + iy \) and \( \frac{2z - i}{z - 2} \) is purely real. For a fraction to be real, its imaginary part must be zero.
1. Compute \( \frac{2z - i}{z - 2} \):
\[
\frac{2(x + iy) - i}{(x + iy) - 2} = \frac{2x + i(2y - 1)}{(x - 2) + iy}
\]
2. Multiply numerator and denominator by the conjugate of the denominator:
\[
\frac{(2x + i(2y - 1))((x - 2) - iy)}{(x - 2)^2 + y^2}
\]
3. The imaginary part of the numerator must be zero:
\[
-x - 4y + 2 = 0 \implies x + 4y = 2
\]
4. Exclude \( (x, y) = (2, 0) \) to avoid division by zero.
Thus, the locus is \( x + 4y - 2 = 0 \) with \( (x, y) \neq (2, 0) \), which matches option (2).
\(\boxed{B}\)