Yeah, I think so. Any time Peter has gotten drunk, it's also been implied he's a lightweight. I think he got drunk off one glass once.
Like I said the last time this came up, the only Spider-Man who's been shown to have any sort of tolerance is Kaine (he was drinking a whole bottle in one of those Ben Reilly minis). I don't think that should count.
I still want to read The Adventures of Kaine Slowly Developing Tolerance, though.