I was a senior in college, a 1:57 guy. My teammate was a stud freshman who ran 49.x. In an attempt to pull the freshman to a good time, my coach had me act as a rabbit in the first meet of the outdoor season. I lead the whole race, point to point. This was years ago, but if I remember correctly, I ran roughly even splits of 58 or 59 for each lap. I ran 1:58 point something. The freshman ran about a 2:05...and he was even drafting the whole way.
There's no way this guy will even break 2:00. Go out in 59 or 60. I'd be shocked if he's still with you with 200 to go.