Re: Definitely...
You could argue that Green Goblins outfit is suitable for a litterarly crazed fantastical lonewolf, but Hobgoblin looks like a master villain, a threat in a more thourough and sorta evil manner (not necessarily meaning that Hobgoblin is evil, it's all business for him, but that's another great contrast to him dressing up). Which is actually what they are. Or at least what they were. Pre Osborns accension to the bad guy behind everything.