11 points is too much of a difference to make up for other teMs when we haven't lost any meaningful players (yet?).
I can see your point, but the problem is both the transition in the club and
the improvement of the other clubs. I think the change in style will cost us at least 6 points (a couple of avoidable loses or draws from defensive mistakes) and I think the teams around us have bought well enough to make up 6 or so points (Bony is probably worth at least a win or 2).
So with the two combined I can easily see us being over taken, but as The Ram said, if we are improving by the second half of the season I won't be too worried.