No, I don't think it indicates a tactics deficiency.
I hate to admit it, but studying tactics got me very few points between blitz rating 1150-1350. I'm sure in longer games they would have helped more, but in blitz where I thought the tactics would dominate, even doing tons of tactics didn't raise my rating above 1150 when I was there.
I know a lot of folks say don't study the opening if you're under 1800, etc., but that's not true, I'm finding. If you don't have good lines you know pretty well, even with strong tactics, you'll have nary a single tactical shot since the positional elements will be so bad in your on-the-fly setups.
Does a gap between blitz and standard really indicate a deficiency in tactics? My standard is 1400 and my blitz is 800.. but my chesstempo tactics rating is 1800 and only improving. So I'm not sure if it's that simple.