This paper experimentally studies the effects of changing radial clearance Cr on the performance of a long (length-to-diameter ratio L/D = 0.65) smooth seal under mainly-air (wet-gas) conditions. The test fluid is a mixture of air and silicone oil. Tests are conducted with Cr = 0.188, 0.163, and 0.140 mm, inlet pressure Pi = 62.1 bars, exit pressure Pe = 31 bars, inlet liquid volume fraction LVF = 0%, 2%, 5%, and 8%, and shaft speed ω = 10, 15, and 20 krpm. The seal's complex dynamic stiffness coefficients Hij are measured. The real parts of Hij cannot be fitted by frequency-independent stiffness and virtual-mass coefficients. Therefore, frequency-dependent direct KΩ and cross-coupled kΩ stiffness coefficients are used. The imaginary parts of direct Hij produce frequency-independent direct damping C. Test results show that, for all pure- and mainly-air conditions, decreasing Cr decreases (as expected) the leakage mass flow rate m˙. Under mainly-air conditions, decreasing Cr decreases KΩ. This outcome is contrary to the test results at pure-air conditions, where KΩ increases as Cr decreases. Since an unstable centrifugal compressor rotor may precess at approximately 0.5ω, the effective damping Ceff at about 0.5ω is used as an indicator of the impact a seal would have on its associated compressor. For pure-air conditions, when Ω ≈ 0.5ω, decreasing Cr increases Ceff and makes the seal more stabilizing. This trend continues after the oil is added. A bulk-flow model developed by San Andrés (2011, “Rotordynamic Force Coefficients of Bubbly Mixture Annular Pressure Seals,” ASME J. Eng. Gas Turbines Power, 134(2), p. 022503) produces predictions to compare with test results. m˙ predictions correlate with measurements. Under pure-air conditions, the model correctly predicts the effects of changing Cr on KΩ and the Ceff value near 0.5ω. After the oil is added, as Cr decreases, predicted KΩ increases while measured KΩ decreases. Also, for mainly-air cases and Ω ≈ 0.5ω, decreasing Cr does not discernibly change predicted Ceff but increases the measured value.