Oh, yay. More scenes that should have had an actual emotional impact, but were instead played for comedy.
I can only guess they cut it out because they did enough of that in every other scene in this movie.
I suspect this scene was cut because it no longer fit the story continuity - Thor says his sister killed his father, which perhaps she did when their meeting took place in the alley in NY, but once it was moved to Norway and Odin "died" before Hela arrived this no longer made sense. Also, someone decided the "God of Hammers" line worked better with Odin saying it to Thor when he needed a confidence boost at the climax, rather then Banner saying it here where it has less impact.