Helium is usually chosen for thermal conductivity, e.g. in turbines (Brayton cycle?), bearings, etc.
I don't know that the fluid properties, such as turbulence, are significantly different (i.e., the flow regime at the surface of a disk spinning that fast, will still be largely turbulent). I doubt it's eliminated, but reduced is possible.
If chemical inertness were a priority, dry nitrogen, or at worst, argon (only needed for the most reactive metals, like welding titanium for example), would do the job.
Indeed, argon is used for this reason in incandescent lamps: reduced convection loss, compared to other gasses. Krypton is even better (heavier, slower), and xenon still more; but they are relatively expensive, so don't see widespread use, except where very small quantities are needed ("krypton" flashlight bulbs), or where the properties are directly required (xenon flash and HID lamps are excellent because xenon has a broad "white" response with few bright spectral lines; obviously, the properties of ionized xenon being somewhat more important than its gaseous properties!).
Tim