There are multiple ways to formalize the notion of a (limit) sketch, which are basically equivalent. This makes it a bit difficult to decide on a "right way" to formalize sketches. One nice property would be that a category of models (in say $\mathsf{Set}$) is given by a unique theory up to equivalence.
My (probably flawed) understanding is that based on a particular weak definition of "sketch" this need to be the case and that a sketch may care about the way we axiomatize our theory, like e.g. whether we use a constant and a binary operation to say what a monoid is or a sequence of operators $(\prod : A^n \to A)$ or something else.
Let's only focus on limit sketches (since these yield the theories I actually care about).
What is the correct notion of limit sketch where category of models are given by a unique theory up to equivalence?