Yes, on any 120mm hub with a hollow axle designed for use with track nuts, the axle will be too long to use with a QR. Presumably you could just chop it down, but I'd be hard pressed to do that without mangling the threads.
Hubs that use allen-head bolts and hollow axles can be switched to QR, such as the Paul hubs or the profile hubs, neither of which are cheap.