Having received an email from Google telling me a site is not 'mobile friendly' and that the font size is too small and that I don't have a viewport set up, I decided to make some changes and run some Analytics experiments.
So far it appears that all my changes have done is increased bounce rate and lowered number of pages viewed and time on site.
One site bounce rate went from 83% to 90%, pages per session from 1.46 to 1.16 and session duration from 40s to 17s
I'm interested to know whether anyone else has done experiments on mobile friendly changes