That it is, especially since it's not an entirely accurate description of him.
He's the ultimate evil amongst the New Gods, even in the New-52 where he and Highfather are basically two sides of the same coin.
If anything you can section the big villains ones up in categories of what vision they represent:
Darkseid is the embodiment of a living hell, where life isn't worth living, but you are too weak to escape.
Nekron is the embodiment of death, where nothing lives.
Trigon is the embodiment of hell itself, where even death is no escape.
Brainiac is the embodiment of science, a cold machine that sees you as nothing but data it has to collect and store.