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[Guardians of the Galaxy] Was Yondu really going to kill Peter?

After Peter and Gamora were captured by the Ravagers and were getting beaten up, would Yondu have actually killed Peter if he didn't talk his way out of the situation?


*My hypothesis*: After the second movie, it's clear that Yondu really cares for Peter so it's  hard to believe he would have killed him earlier. 

Upon rewatching the first movie, I arrived at the conclusion that beating him up was a way of buying Peter time to think of something so Yondu would have an excuse not to kill him, while at the same time putting up a show for his Ravagers goons. What are your thoughts? 

I aware that on a meta level Yondu's character might have been changed from the time in-between movies and he was kind of retconned into a much nicer guy.

*Semi-related follow up question:* When Peter tricked him by swapping the Orbs, did Yondu know he was getting conned. Did he agree with the Guardians that the Orb should go with the Nova Corp but realised he couldn't do just let them off in front of the Ravager? I mean he's a master at this and there's no way he wouldn't see through Peter. 

In fact, I think when Peter said "don't open it Yondu, you've seen what it does to people" he was actually giving a secret message that he had swapped the orbs and telling him not to look until well after they had left. That look he gives Yondu makes it seem like he was doing that.
gpt
Yondu cared enough for Quill to not give him up to his father after he found out what Ego was up to. He also cared about him enough to show the kid the ropes of combat and how to fly.

Yondu just was a hard ass who didn't know how to raise a child, so instead he raised him like a crew mate. His crew, however, pointed out Yondu always made exceptions and forgave Quill, even if it meant losing a massive payday.