I had a question about a particle (say a proton) with relativistic energies interacts with a magnetic field (in the z direction). As it is accelerates the particle emits synchrotron radiation. Naturally I assume that this emission of photons reduces the particle's energy. My question is as the energy decreases is there a change of orbit (orbit decay) associated with the emission of synchrotron radiation?
Yes, there is an orbit change which is however rather small for one turn (one revolution) in a electron synchrotron (Protons almost don't radiate at usual energies around 1-10GeV and don't do it at even higher energies , however they will radiate in the FCC) . Actually, all e-synchrotrons are equipped with a set of radio-frequency cavities which restore the lost energy. So due this compensation the orbit change is very small and only reflected in a small variation of the beam energy of the order of 1 promille of the total beam energy. Dipole leaving orbits actually vary in function of the beam energy, but as the energy deviation is very small it actually only leads to a small increase of the horizontal beam size which is subsequently corrected by other beam optic elements. The exact effect of the emission of synchrotron photons on a particle orbit is a bit more involved because the considered particle usually exerts transverse "betatron" oscillations which get actually damped by a combined effect of synchrotron radiation emission and energy compensation in the radio-frequency cavities.
If the radio-frequency cavities, however, are switched off, the orbit will "slowly" spiral inside, "slowly" means that if you start with a electron beam of 3GeV during 1 turn each electron looses for instance 1MeV around 3000turns are needed for the beam to loose its full energy (this is an approximation), 3000turns correspond about 2.7 milliseconds. However, the spiral motion typically is interrupted as soon as the beam particle hits the vacuum chamber wall of the vacuum system.