No, whether or not it initiates a cutscene depends on whether you've already triggered any of the similar cutscenes that you can happen on in the village; at the statue of Selune up by the mill, or (I've heard, but not confirmed) in the school.
I can also confirm the helmet still spawns at both locations because because in my two Patch 6 playthroughs I've had it spawn once by the smith and once by the school.