Well, yes and no. Depends on how much you wish to read into it, and I don't want to spoil anything here in the open for anyone.
Even though this particular Frost Demon appears fairly early into Super after the Revenge of F Arc, I still would prefer not to spoil anything.
To hint, however, I feel this particular interaction (and the one that's about to happen if you're all caught up) helped cement the belief that all Frost Demons are, at the core, evil creatures.
That's not to say they can't break the mold, or struggle with it and still be a good being. And in an AU, anything is possible.