Not the way I remembered it.

I remembered Superman having the classic "test of strength" in which the dinosaur tried to eat him and he had to try and hold the creature's jaws open. However, I also seemed to remember there being a point where it looked like Superman had won, but Lois gave a shocked look when the dinosaur swooped it's head down and seemingly devoured Superman in one bite. Of course, this would have been followed by Superman prying its jaws open from the inside. Yet, when I watched it again, he simply rescues Lois from the creature's mouth without much conflict. It's a shame because it could have been a much better struggle between the two. Oh well.