Well, a worn seal on the gearbox side results in gearbox oil (which has all sorts of dopes) entering the crankshaft cavity, generally resulting in lots of smoke with a distinctive smell. On the ignition side it's more difficult to detect, but you'll probably see some signs of leaking, also in the form of oil there.
I wouldn't overestimate the effectiveness of your "inertial air block", from memory the SG of air is 1.35kg/m³, and air is known to vibrate at even higher frequencies (ask any violin player). But I do agree that the amount of air (or mixture) passing past a worn seal on the ignition side is small; the intake allows for far more effective breathing. Anyway, I'll now worry a bit more about that...