Heat the oil in a large skillet over medium heat. Add the bacon or pancetta and cook, stirring occasionally, until the fat is rendered. Drain and discard all but 1 tablespoon of the fat, add the crushed red pepper and bolognese, bring to a low simmer and cook, stirring occasionally 5 mins.
In the meantime prepare the ravioli according to package instructions, reserving 1/2 cup of the cooking water. Add the ravioli and cheese to the skillet and toss gently to coat, adding the pasta cooking water to the pan a little at a time as needed to loosen the sauce if needed.
Divide among bowls and garnish with basil and more cheese, if desired.
*This recipe can also be made with Giovanni Rana Chicken Mozzarella Tortelloni