There's no way that a human heart would be able to pump enough blood to supply the full vascular needs of a thousand pound centaur.
Most likely, the human halfs heart is more of a vestigial organ or more of an assisting organ to help ensure that even under strenuous cardio that the brain receives enough blood flow to operate optimally.
The lung system though is definitely a weird one. I would be more inclined to believe that there are no lungs in the centaurs human half, maybe the areas that are lungs in a human would be something like a cud sack or some sort of extra biliary devices to increase the amount of acidity to break down their largely herbivorous appetite.