Not really. Look at it from Norman's point of view.
You're La Goblino Verde. You read Carlie "Scrappy Doo ain't got shit on me" Cooper's secret diary and know that Doc "tiny cock" Ock has hijacked Spider-Man's lithe, supple body, beating you to "killing" the wallcrawler, and is running around in an outfit that would make DmC!Dante cringe. So you decide to destroy everything Otto has. You blow up all of the places Otto holds dear and tear down the empire he's built, and rub it in his face for good measure, completely breaking one of the most arrogant people on the planet.
Then just before you start killing his loved ones, Spidey comes back for another round, wearing the classic outfit.
Even Norman can connect the dots, he didn't need a quip to clue him in.