I'm not at all sure. Remember Ozzie's "80-20" rule. While I would definitely put Wallace as the better player of the two, if Torrey could pick up where he left 2 seasons ago, I think he could produce 80% of what Wallace offers - the problem is with the 20% of salary... I think the only realistic scenario is if Torrey ir willing to give the Ravens a serious hometown discount, just to return to the team where he was proven to be an effective, productive player - to a QB he doesn't need to develop chemistry with because they already have it... to a fan base he knows loves him... and a city he doesn't have to make his home, because it already is.
That's the only scenario I think could realisitcally land Torrey smith back in Baltimore. If a.) he chooses to follow the money trail again; b.) seeks a team where he can really be the top dog in the receiving corpse and/or c,) Ozzie isn't considering parting ways with Wallace or bringing Torrey back - well, that it ain't happening.
Putting it all in a nice formula I have to think Torrey won't be back in Baltimore - well, anything other than the wide receiver of a visiting opponent. But I'm, definitely not sure about it - I just thiunk this is the likelier scenario.