I am relatively new to category theory and was wondering about the following problem:
Can I consider a limit as an initial object in some categories?
Let $\mathscr{C}$ be a category and $\mathbf{J}$ a small index category. Let $T \colon \mathbf{J} \to \mathscr{C}$ be a diagram of shape $\mathbf{J}$, $\Delta_{\mathbf{J}} \colon \mathscr{C} \to \mathscr{C}^{\mathbf{J}}$ the diagonal functor and $\mathrm{Hom}_{\mathscr{C}^{\mathbf{J}}}(\square,T)\colon \mathscr{C}^{\mathbf{J}} \to \mathbf{Set}$ the contravariant Hom-functor. I know that usually, the image of a functor is not a category, but in this case, it seems to me that the image of the diagonal functor is one and I suppose the same holds for the Hom-functor (but I am not sure about that). If that is the case, I could consider the category $\mathrm{Hom}_{\mathscr{C}^{\mathbf{J}}}(\Delta_\mathbf{J}(\mathscr{C}),T)$, which would then correspond to the category of cones on $T$. In that case, wouldn't an initial object in that category correspond to a limit of the diagram $T$? Am I right or am I may be missing out on some categorical subtleties?