I think the Ravens can beat them but it is a weird matchup. I think the Ravens beat them in the playoffs so I certainly think they can beat them in the regular season.
I just see the most likely playoff seeding and it basically gives the Pats a pretty easy path to conference championship game. Pats as 1 seed, then Broncos/Colts as 2/3 seed (whichever order does not really matter) with Ravens as the 4 seed. Then you have Bills, Chargers, Jags, Texans, Steelers, and Chiefs fighting for 3 wild card spots.
Looking at schedule I think Bills have an inside track on 5 seed which means round 1 is Bills vs Ravens. Looking at the 6 wild card teams and other 2 division winners I don't expect Colts/Broncos to both win on wild card weekend and that means Pats get one of those wild card teams and that is a pretty easy path to AFC Championship game.
Basically the AFC is a bit weak this year with the usual contenders not looking as good as in the past. That opens things up to a team that looks like they have a top 5 QB (can the AFC stop getting all the good QBs) to make a deep playoff run.