I've been trying to write down a proof of Di Liberti's Kan lemma fortissimo on the existence of left Kan extensions, given as Lemma 3.3 in the nLab entry on Kan extensions. Let $F : \mathcal{A} \to \mathcal{B}$ be a functor with $\mathcal{A}$ and $\mathcal{B}$ locally small, and $y : \mathcal{A} \to \widehat{\mathcal{A}}$ be the Yoneda embedding of $\mathcal{A}$ into its category of small presheaves. I'm having trouble with the implication:
If $\mathrm{Lan}_Fy$ exists (and is pointwise), then $\mathcal{B}(F-,b)$ is a small presheaf for every $b \in \mathcal{B}$.
My problem is that I don't know how large colimits in $\widehat{\mathcal{A}}$ are computed when they exist. Here is what I do know:
The density formula says that, for all $a \in \mathcal{A}$ and $G : \mathcal{A}^\mathrm{op} \to \mathbf{Set}$, we have an isomorphism of sets $$Ga \cong \int^{a' \in \mathcal{A}} \mathcal{A}(a,a') \times Ga'$$ natural in $a$ and $G$. Given a functor $D : \mathcal{I} \to [\mathcal{A}^\mathrm{op} ,\mathbf{Set}]$, if $\mathrm{ev}_a D : \mathcal{I} \to \mathbf{Set}$ has a colimit for each $a \in \mathcal{A}$, then these can be put together into functor $\mathcal{A}^\mathrm{op} \to \mathbf{Set}$ that is the colimit of $D$. This follows e.g. from Theorem 6.2.5 in Leinster's Basic Category Theory (the smallness hypotheses are not used in the proof, as far as I can tell). In our case, this means that we can promote the density formula to an isomorphism of functors $$G \cong \int^{a' \in \mathcal{A}} \mathcal{A}(-,a') \times Ga',$$ where the coend is taking place in $[\mathcal{A}^\mathrm{op} ,\mathbf{Set}]$.
If $G$ is a small presheaf, then this coend is reflected along the embedding $\widehat{\mathcal{A}} \hookrightarrow [\mathcal{A}^\mathrm{op} ,\mathbf{Set}]$, so we can see it as a coend in $\widehat{\mathcal{A}}$. In general, small colimits in $\widehat{\mathcal{A}}$ are computed pointwise, because a small colimit in $[\mathcal{A}^\mathrm{op} ,\mathbf{Set}]$ of small presheaves is a small presheaf.
However, if instead we are given that the (a priori) large coend $$\int^{a'\in\mathcal{A}} \mathcal{A}(-,a') \times Ga'$$ in $\widehat{\mathcal{A}}$ exists, can we conclude that it is isomorphic to $G$ and, thus, that $G$ is small?
If the answer is yes, then taking $G = \mathcal{B}(F-,b)$ proves the implication I quoted. Alternatively, is there a different approach to proving the implication that avoids this problem?