You may point out whatever point you'd like to point at, as much as I could do the same, however I didn't actually point it out to them at all, nor did I actually say anything aloud. He, however, did. The conversation I had with my significant other was at a whisper level. The entirely of my point was on 'the game' and the near-public verbalization of the assumed target of that game.

Verbal or non verbal, making an assumption about someone else's sexuality form 50 feet away is presumptuous in the extreme. You spotted a "girly boy", That's an unfair assumption, and just as presumptuous as his spotting of a "tranny". He commented there, you commented here. I see little difference.