Slow Weight Gain (which is a medical term), is not necessarily cause for alarm. It can be totally fine, provided the other factors for the diagnosis (Slow Weight Gain) are there: Baby is pooing and weeing as much as expected, baby is strong and doesn't seem tired or sleepy or weak, baby's skin looks and feels good (not dehydrated), baby's eye's are bright, baby feeds well. Although you'd expect a Slow Weight Gain baby to be monitored by a dr (and as the father mentioned the weight, it is most likely the case here).
I wouldn't say anything, I figure the parents are probably worried enough as it is, and it really isn't an emergency. On the other hand, a listless, weak baby would be!
My DD lost weight, and later gained slowly. But she was always strong and healthy, pooing and weeing etc. Which leaves her generally a Slow Weight Gain baby, although Failure To Thrive was considered, especially when she lost weight. But a diagnosis of FTT generally requires that the baby is weak and unwell as well. We still worked with LC's, specialist ped, and family dr for her first 6 months.
My friend later had a baby who did not gain, and I went to see her at 3 weeks. As I held the baby I got alarmed. The baby was weak, very, very weak, skin was pale, eyes a bit glazed over. And I still didn't say anything there and then (although I know that was an emergency, but I knew she was under the care of her midwife), but when I came home I thought it over and called her to suggest she went to see the fantastic LC we saw. I said that it was important to go before it became an issue, because an LC would be able to sort problems before they became problems. See, I knew that the LC would take one look at that baby and personally contact the peds in the neonatal ward (babies usually get referred to them by midwives in the first 6 weeks here, we usually see Well Baby nurses).