The Ravens should have gone for the 4th and 3.
They had 3 timeouts, so even if they don’t get the 1st down, and Buffalo takes over, the Bills mindset is run clock and kick the FG. So, after the Bills force the Ravens to use all 3 timeouts, there is still about the same amount of time that Josh had and zero timeouts to get into FG range.
In that scenario, you absolutely trust your Hall of Fame backfield and if they get stuffed you still get another swing at it.